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each is often expressed as a percentage
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∙ 10y ago
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If you have a discount-- does sales tax come after or before discount?
I think the discount comes first and then the sales tax.
Is The Seller Permitted A Discount For Timely Confirming And Paying Sales Tax?
Yes, a discount is permitted when the tax is compensated through the 20th day of the month where the tax arrives. The sales tax discount is 2% of tax due, to not exceed $50.
How are tax breaks and tax credits alike?
They both help to lessen the amount of tax owed
What is the price paid after discount is subtracted?
Tax
What is discount tax software?
Discount tax software is simply tax software sold at a lower price. There are also tax preparers such as H&R Block that offer free simple filing and other great discounts for a limited time.
What is a price paid after the discount is subtracted?
Tax
What comes first when you're solving discount or sales tax?
I think it's sales tax
Why must you first calculate a discount price on an item before calculating the total sales tax on the item?
The discount must be calculated first to get the base price of the item, then the tax percentage would be taken into consideration, otherwise you would be charging additional tax on an item which should be discounted in the first place. If you were to calculate tax first then the discount price, your total would be incorrect.
If there is a 24 percent discount on a tv that is 131 and the sale tax is 4 percent how much is the after tax total?
$ 103.54
How are the tax collector and the pharisee alike?
This is a way they were alike they were both nice because one was nice in the begining and the other was nice in the end.
Is tax avoidance against the law?
The tax avoidance is not against the law, but the tax evasion is illegal and against the law. Most of the people know they are mostly alike.
Is it more profitable for a retailer to pay your sales tax than give you a discount up front?
It will depend on the amount of sales tax in their jurisdiction and the amount of the discount. If the tax and the discount are the same, it is more beneficial to the purchaser to get the discount. To the Seller, it makes almost no difference! At 6% tax rate: On a $100 item -> You pay $100 and store pays $6 tax. Store gets to keep $94. On a $94 item ($100 with 6% discount)-> You pay $94 and you pay $5.64 tax (total $99.64). Store still gets to keep $94. There is a slight advantage to the store in that in most jurisdiction there is a tax free amount each month, to cover the cost of the bookkeeping and reporting of taxes, but in a big volume store, that will be a very small percentage of the total amount.
