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What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
What is input taxed sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
How much is sales tax on a dollar in Tennessee?
The state sales tax rate in Tennessee is 7.000%. With local taxes, the total sales tax rate is between 8.500% and 9.750%. Food in Tennessee is taxed at 5.000% (plus any local taxes).
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
Can services charges be taxed?
Sales tax I presume...which changes from state to state. However, most States now have a fairly inclusive sales tax on services (not all, but most).
What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
What is input taxed sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
How much is sales tax on a dollar in Tennessee?
The state sales tax rate in Tennessee is 7.000%. With local taxes, the total sales tax rate is between 8.500% and 9.750%. Food in Tennessee is taxed at 5.000% (plus any local taxes).
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
What is the highest taxed state in the union?
The answer is Califonia, which the sales tax is 7.25% of the subtotal.
Are Americans taxed too much?
Of course we are. Everyone thinks they are taxed too much except for the almost 50% of people who pay no income tax. Income tax is not the only form of taxes that we pay though. We pay sales tax; gasoline and other fuels tax; liquor, beer and wine tax; telephone service tax; vehicle tax; etc. etc. etc.
Are shoes taxed sales tax when purchased in Massachusetts?
There is no sales tax on shoes in MA. There is however a luxury tax for items over $175. You pay tax only on the amount over $175.
How generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand of the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for a good taxed is inelastic?
the consumer
What is the tax on 135.00?
It would depend on whether the 135.00 is income or if not, it would be taxed according to your state laws on sales tax.
