Explain the difference between sales tax and income tax.

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asked Aug 18, 2021 18.0k views

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Kristofor · Answer 1 · 2021-08-23T08:53:59+0000

Answer:

Income tax is a separate issue from sales tax when you're running a small business. Income tax is the amount you pay on your total income from the business to the federal and state government. Sales tax is a percentage amount that your customers have to pay when they purchase certain items from your business.

Explanation:

Explain the difference between sales tax and income tax.

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