It is a specified percentage of the tax base.
sales tax sales tax!
Sales tax, of course.
Sales Tax / Sales Tax Rate = Gross Sale
Total with sales tax $48.76 minus total without sales tax $46.00 = sales tax $2.76. Sales tax $2.76 divided by purchase $46.00 = sales tax rate 6%.
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
There are great advantages and disadvantages to using sales figures. Advantages to using sales figures is to help with projections of sale for future years. The disadvantages of using sales figures is the market is volatile.
No, you do not pay sales tax on labor. Sales tax is for materials.
These figures are effective January 1-March 1, 2009. They are courtesy of the Department of Revenue. Use the below link for the most up-to-date sales tax rates. .025% city + .065% state = .090% total tax rate
yes Montana has sales tax. there tax is 8.7 sales tax. NO, Montana does NOT have a Sales Tax. Or, to put it another way, there is a 0.0% sales tax. I have lived here for years...I don't pay a sales tax. Whoever said yes, must not live in Montana.
There is no sales tax in the state of Oregon.
The total tax is $0.14
debit sales tax expensecredit sales tax payable