Lease Taxes and Monthly Rental Receipt Sales Tax
10 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the requirement for the TAX LOCATION CODE?

  • It should be the same as the monthly rental tax box
  • It should be filled in according to state regulations (correct)
  • It should be blank
  • It should be left unchecked
  • What is the purpose of updating the rental tax from the summary screen?

  • To fill in the TAX LOCATION CODE
  • To reject the monthly rental tax
  • To add old base payment to the new rental tax
  • To calculate the new total payment (correct)
  • What happens when Pinnacle throws a monthly rental tax reject?

  • The TAX LOCATION CODE is filled in (correct)
  • The return contract comment is added
  • The agreement is assigned in the end
  • The rental tax is updated from the summary screen
  • What is the step after updating the rental tax from the summary screen?

    <p>Add the new rental tax to the old base payment</p> Signup and view all the answers

    Why is the dealer not permitted to charge tax on tire and wheel add-ons?

    <p>Because the lessee acquired them under contract</p> Signup and view all the answers

    What is the final step in the process?

    <p>Assign the agreement in the end, including the return contract comment</p> Signup and view all the answers

    What is the purpose of the summary screen?

    <p>To take notice of the updated rental tax calculation</p> Signup and view all the answers

    What is the result of adding the new rental tax to the old base payment?

    <p>The new total payment</p> Signup and view all the answers

    When does the dealer not charge tax on tire and wheel add-ons?

    <p>When the lessee acquires them under contract</p> Signup and view all the answers

    What is the relationship between the TAX LOCATION CODE and the monthly rental tax box?

    <p>The TAX LOCATION CODE is filled in according to state regulations</p> Signup and view all the answers

    More Like This

    Lease Agreement Quiz
    7 questions

    Lease Agreement Quiz

    FelicitousLemur avatar
    FelicitousLemur
    Real Estate Lease Agreement Terms
    12 questions
    Lease Classification Tests
    9 questions
    Use Quizgecko on...
    Browser
    Browser