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You need a license to sell consumer products. The license allows you to collect sales tax for the state on your sales.
Local taxes usually refer to taxes that are assessed by political entities smaller than the state, such as cities or counties. Some cities have an income tax and/or sales taxes.
The peak sales season of the furniture industry is May to August. This is because of Mother's Day, Father's Day, Memorial Day, and the Fourth of July. Sales of furniture do occur throughout the year, especially at tax refund time.
There are many licenses which are needed while starting a business and they are: Fire Department Permit, Air and Water Pollution Control Permit, Sign Permit, County Permits, State Licenses, Federal Licenses, Sales Tax License, Health Department Permits.
Homes have a tax value and an appraisal value. The tax value is what the county/city you live in say it is worth for tax purposes. That is about all that number is good for in my opinion. The more accurate reflection of what your property is actually worth the appraisal value, which consists of at least 3 comparisons of other similar properties that sold in your area within a specified amount of time. The appraiser will then use the condition and location of your exact property to make a final assessment of what your home is worth on the market. That's the "value" of your home.
Both sales tax and flat tax are a fixed percentage.
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.
a tip goes to a waiter a tax goes to the gonverment and a tip is a percent so is a sales tax
Tax adds to the price while discounts deduct from it.
No. The sales tax is posted as a credit to the Sales Tax Payable Account. So, if you had a $100 sale plus $5 sales tax, you would debit cash $105, credit Sales $100 and credit Sales Tax Payable $5 Sales taxes are a collection you make for the State. It is funds entrusted to you by the State to be paid over to them. They are not part of your sales or receipts. (Gross income will be sales less cost of sales. This is before selling, general, administrative, interest and tax expenses are taken out.)
sales interest lease tax
maybe if you slap yourself hard enough, there is a good chance:)
sales tax sales tax!
Yes, anyone buying a vehicle in MA must pay 6.25 percent sales tax in MA. You have 20 days in which to pay the tax and avoid penalties and interest.
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.
Sales tax, of course.
Sales 135000 less:cost of sales 78000 Gross Profit 57000 Interest Expense 3800 income tax expense 22500 Net Income 30700