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Question: 1 / 400

What are the main tax obligations for contractors operating in West Virginia?

Only income tax on profits

Sales tax on certain sales and income tax on business profits

Contractors operating in West Virginia face specific tax obligations that include both sales tax and income tax. The sales tax is applicable on certain goods and services sold, which affects contractors directly when they sell materials or specific services to clients. Additionally, contractors must pay income tax on their business profits, which is assessed on the net income generated from their operations. This dual obligation – responsible for both sales tax related to their sales activities and income tax on their earnings – reflects the comprehensive nature of tax requirements for businesses in West Virginia, emphasizing that tax compliance is an integral part of the business operation.

Other options do not encompass the full range of obligations that apply to contractors in the state. Some options suggest a lack of responsibility or only focus on one type of tax, overlooking the crucial need for sales tax compliance in specific circumstances.

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No specific tax obligations for contractors

Only property tax on business property

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