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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.
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Which type of tax is calculated on a per-item basis?
An excise tax or sales tax is calculated on a per-item basis
How is the total price including sales tax calculated?
purchase price x percent sales tax .... then added to the original amount
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.
What tax is paid by businesses only?
sales tax sales tax!
How do you calculate taxes?
You can calculate it by how much the tax sales are now and then times it by $0.09 For example: Since it's sales tax now is $0.09, if the item is $5.00, then you TIMES that with $0.09 (:
Which type of tax is calculated on a per-item basis?
An excise tax or sales tax is calculated on a per-item basis
Which type of tax is calculated on per item basis?
An excise tax or sales tax is calculated on a per-item basis
What is sales tax on 2442.00 when sales tax is 6.25?
A sales tax of 6.25% can be calculated by multiplying the sale price by 0.0625. So, 2442 * 0.0625 = 152.63.
How is the total price including sales tax calculated?
purchase price x percent sales tax .... then added to the original amount
Is amazon good for sales on tax software?
Sales tax is not separately calculated and collected in connection with items ordered from Tax Software Store, Inc. through the Amazon.com Site unless explicitly Sales tax is not separately calculated and collected in connection with items ordered from Tax Software Store, Inc. through the Amazon.com Site unless explicitly
Is sales tax calculated on net sales or gross sales?
It depends on exactly what you mean, but generally, sales tax is figured on net sales. For instance, if you buy an item for $100, but you trade an item for it that is worth $25, you only pay sales tax on the difference of $75, not the entire $100.
If you buy a used car in Arizona from a private party do you have to pay sales tax?
No, but use tax will apply. What is use tax and how is it calculated?
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.
Do you pay sales tax on a car private party sale in kansas?
If I live in Kansa but buy a car from a private party in Texas, how is sales tax calculated on the vehicle.
If you purchase a new vehicle and trade one in is the 6 Pennsylvania sales tax calculated on the full purchase price or with the trade in amount deducted?
Sales tax in Pennsylvania is calculated on the difference between the sales price of the car and the trade-in amount. This is usually called the "money difference"
What tax is paid by businesses only?
sales tax sales tax!
How are taxes calculated on a Sale of residence in California?
There is County Transfer Tax fees but on Residential properties there is no sales tax due. Mobile homes and some modular homes may have a sales tax imposed. Check with a local Realtor and they can assist you with this
