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If you have a discount-- does sales tax come after or before discount?
Wiki User
∙ 11y ago
I think the discount comes first and then the sales tax.
Wiki User
∙ 11y ago
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What comes first when you're solving discount or sales tax?
I think it's sales tax
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
Is discount revenue from state sales tax early payment taxable?
Yes, you collected it and didn't have to pay it...in the old days, it was called comission on sales tax collections
Is commission applied before or after sales tax?
Commission would be apply to the sales price, which does not include tax.
Where does Sales Tax come from?
The tax is a government invention to raise money, and it comes from the purchasers pocket.
Is The Seller Permitted A Discount For Timely Confirming And Paying Sales Tax?
Yes, a discount is permitted when the tax is compensated through the 20th day of the month where the tax arrives. The sales tax discount is 2% of tax due, to not exceed $50.
What comes first when you're solving discount or sales tax?
I think it's sales tax
Journal entry for credit sale with discount and tax?
debit accounts receivablecredit sales tax payablecredit sales discountcredit sales revenue
What is the total cost of an electronic game if there is 15 percent discount as well as a eight sales tax?
You need the cost of the game before the 15% discount in order to answer this question.
How do you compute expanded withholding tax on sales of goods if there is discount?
compute nased on net sales
How do you solve total cost for something that is 52 dollars and 20 percent off and the sales tax is 7 percent?
Assuming the discount is applied before the sales tax is added... 20% of 52 is 10.4, so the price after discount is 41.60. 7% of 41.60 is 2.91 - so your final price is 44.51
If a 65 dress is on sale for 20 percent and the sales tax is 7 percent what is the total purchase price?
The total price with the discount and sales tax is: $55.64
Why must you first calculate a discount price on an item before calculating the total sales tax on the item?
The discount must be calculated first to get the base price of the item, then the tax percentage would be taken into consideration, otherwise you would be charging additional tax on an item which should be discounted in the first place. If you were to calculate tax first then the discount price, your total would be incorrect.
What is the difference between a discount sales tax and a tip in relation to the total cost?
A discount is money off a product, a sales tax is money added to the price of a product, and a tip is money given to someone fr good service.
What is Georgia's sales tax?
Georgia's sales tax is 4% before county sales tax is added. Once the county's sales tax is added it averages between 5% and 7%.
Is discount revenue from state sales tax early payment taxable?
Yes, you collected it and didn't have to pay it...in the old days, it was called comission on sales tax collections
The price of an item before tax was 48.00 The sales tax was 2.16 What percent of tax was charged?
The percent of the sales tax was 4.5%
