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The cost of equipment includes the purchase price plus any sales tax (less any discounts received from the seller), transportation costs paid by the buyer to transport the asset to the location in which it will be used, expenditures for installation, testing, legal fees to establish title, and any other costs of bringing the asset to its condition and location for use. To the extent that these costs can be identified and measured, they should be included in the asset's initial valuation rather than expensed currently.
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How is sales tax calculated?
This depends on where you are. There is no Federal sales tax, but there are state and local taxes in some places. Usually it is a percentage of the purchase price.
Is sales tax deducted from your paycheck?
Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services. The merchant remits the sales taxes to the state on your behalf. Occasionally, you many not pay sales taxes at the time of purchase, as in when you make a purchase online from a merchant in another state. In those cases, you would owe a use tax to your state which is usually paid when filling out your annual state income tax return.
When you buy something at the store you pay a sales tax on your purchase?
It depends what you are buying. Some products are subject to sales taxes, and some are not. This also varies by jurisdiction. Taxes are not the same everywhere.
How much taxes does Apple inc charge per 9.99 in-app purchase Can I get list of states that apple charge sales taxes?
Apple Inc. charges $2.99 per 9.99 in-app purchase.
What is 5.99 sales taxes of 10.75 percent?
The total tax is $0.64 and the total price with tax is $6.63
How is sales tax calculated?
This depends on where you are. There is no Federal sales tax, but there are state and local taxes in some places. Usually it is a percentage of the purchase price.
Do you pay sales tax in Michigan on purchase price of used car or the MSRP?
You would pay the taxes on the actual price you paid for the car. If it was 10000 then you would pay the taxes on that not the list price. Hope this helps
What is the total price on 399 dollars after tax?
That's going to depend on the rates of sales taxes collected by the city, the county, and the state where you make the purchase.
Why do I need to pay tax on inventory that was already paid?
This really needs a little more information in order to answer this question. Are you talking about sales tax, income taxes, property taxes, etc. For instance, if you are talking about property taxes, you probably didn't pay taxes on t when you bought it or at least you didn't pay property taxes. With sales taxes, you may have paid sales tax on the inventory when you bought it but that's not the way you are supposed to do sales tax. What a business does when they buy items they plan to resale, is that they will not pay sales tax when they purchase the items but will collect sales tax when it is sold to the end user, thereby calculating tax based on the higher value being the retail sales price instead of the wholesale price.
If a price is 1500 and the sales taxes 5 percent what is the total cost?
The total with sales tax is 1,575.00
Is sales tax deducted from your paycheck?
Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services. The merchant remits the sales taxes to the state on your behalf. Occasionally, you many not pay sales taxes at the time of purchase, as in when you make a purchase online from a merchant in another state. In those cases, you would owe a use tax to your state which is usually paid when filling out your annual state income tax return.
How much is taxes on a new car in Oklahoma?
Exise tax is 3.25% of the retail sale price. No sales taxes.
I paid 90.40 How much was the product before 8 percent taxes?
sales price = 90.40 / 1 + 8% sales price = 90.40 / 1.08 sales price = 83.70 the #1 is the figurative element that was taken the 8% tax out
Do you pay taxes when buying a tractor?
It depends on the state you live in. If your state has sales tax, you would pay them on the sales price.
When you buy something at the store you pay a sales tax on your purchase?
It depends what you are buying. Some products are subject to sales taxes, and some are not. This also varies by jurisdiction. Taxes are not the same everywhere.
What is the total cost of a CD player with a selling price of 150.?
It would be $150.00 + any applicable sales taxes. If it were ordered online it would be $150.00 + applicable sales taxes + shipping & handling + insurance.
Is sales tax built into sticker price of used car?
No, sales tax is not built into the sticker price of a used car in the US. Taxes are included in some other countries.
