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Difference between Excise tax and sales tax?
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
How do you find out if the IRS received my 2007 tax return?
irs.gov
How do I find out why I have not received my state tax refund.?
You need to contact your local economic office to inquire about any tax information.
How do you subtract sales tax?
I'm kinda assuming you mean you want to find the pre-tax price of something when you know the post-tax price of that item. easiest way to do that is to cross-multiply. let's say your sales tax rate is 7%, then a pre-tax amount of $1 would equal $1.07 after tax. that ratio stays the same, so if your total cost (including tax) for an item is $27.77, you can say: $1.00 X ------- = --------- $1.07 $27.77 then just solve for X: X = (1 * 27.77) / 1.07 = 25.95 just substitute your post tax price for a one dollar item in place of the $1.07, and the post tax price of your item for the $27.77 to find the pre-tax price of your item.
How does a tax on a good affect the price paid by buyers the price received by sellers and the quantity sold?
Quantitiy is not a factor, as the buyer will pass along the increased cost due to the tax.
How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
Difference between Excise tax and sales tax?
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
How do you find original price of item before sales tax?
Original Price = Total / (1 + Tax)
How do you find the tax rate of something?
You multiply the tax with the price then divide
What is the per unit tax on a good?
difference between the total price paid by the buyer and the price received by the seller
How do you find the regular price of an item when tax has already been calculated?
Multiply your price by the tax rate (in decimal form) and subtract that from your original price.
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
How do you find the original price of an item if you know the sales tax percent and amount?
The amount of tax divided by the percent of tax (expressed as a decimal) will equal the original price.
How do you find out if the IRS received my 2007 tax return?
irs.gov
What is the best way to find the original price of a stock for capital gains tax purposes?
How do i find the price of a share on 01.06.1993 in order to calculate any capital gains tax liability
