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Both sales tax and flat tax are a fixed percentage.
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∙ 7y ago
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Which tax is levied at a flat rate?
Sales tax
How is a tip similar to and different from sales tax?
a tip goes to a waiter a tax goes to the gonverment and a tip is a percent so is a sales tax
How are discounts similar to and different from sales tax?
Tax adds to the price while discounts deduct from it.
What tax is paid by businesses only?
sales tax sales tax!
Do you have to pay sales tax on sales tax?
Normally, you only pay sales tax on the retail price of an item as calculated after most discounts (but not all) have been applied. In many states, this is calculated before shipping and sometimes labor charges are added to the invoice. There are a few rare cases where sales tax could be applied on top of another tax similar to a sales tax, such as with the excise tax in Hawaii or the GST tax in VAT tax being applied after the GST tax in Quebec and Prince Edward Island, Canada. I suppose other instances of sales tax on top of sales tax could happen if you, for instance, purchased a car stereo, paid sales tax on it, and then paid a taxable labor charge that was based on the price of the stereo to have it installed. This scenario is not common however.
Which tax is levied at a flat rate?
Sales tax
How is sales tax you may pay similar to or different from the stamp act?
The answer is that everything that you buy has tax on top of it. Thats why it says sales tax. This is one similar reason.
How is a tip similar to and different from sales tax?
a tip goes to a waiter a tax goes to the gonverment and a tip is a percent so is a sales tax
What taxes take the same percentage of income from everyone regardless of their earnings?
flat tax, poll tax, head tax, sales tax
How are discounts similar to and different from sales tax?
Tax adds to the price while discounts deduct from it.
What tax is paid by businesses only?
sales tax sales tax!
Do you have to pay Sales Tax on auto purchased from your sister?
You don't have to pay the sales tax to her say if she sells it to you for a flat rate of $700. However when you go to switch the title over at the DMV, they will ask you for how much you bought it for and you have to pay sales tax on that amount to the DMV themselves. Hope that helped!
Office max sells a flat panel display in their store at a cost of 299 tax on this item is 14.95 what is the sales tax rate?
Tax rate = 14.95 / 2.99 = 5%
What does the flat tax do to the tax process?
flat tax
A tax on things you by?
Sales tax, of course.
Do you have to pay sales tax on sales tax?
Normally, you only pay sales tax on the retail price of an item as calculated after most discounts (but not all) have been applied. In many states, this is calculated before shipping and sometimes labor charges are added to the invoice. There are a few rare cases where sales tax could be applied on top of another tax similar to a sales tax, such as with the excise tax in Hawaii or the GST tax in VAT tax being applied after the GST tax in Quebec and Prince Edward Island, Canada. I suppose other instances of sales tax on top of sales tax could happen if you, for instance, purchased a car stereo, paid sales tax on it, and then paid a taxable labor charge that was based on the price of the stereo to have it installed. This scenario is not common however.
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
