What is the benefit of the nursing home from the exemption

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Reference no: EM133910412

Problem

A non -profit elderly home has total expenses of $ 20 million. The sales tax in the state is 7%. The expenses are broken down into salaries ($ 12 million), supplies ($ 6 million) and pharmacy ($ 2 million). Get the instant assignment help. What is the benefit of the nursing home from the exemption from the sales tax, assuming that pharmacy articles are exempt from the State Sales Tax?

Reference no: EM133910412

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