Depends on where one lives. The tax rates are different from city to city, and state to state.
YES
Although the "Tax Rate Finder" application apparently is not up-to-date or working currently, by navigating the Illinois Dept of Revenue website, all rates can be found. http://tax.illinois.gov/Publications/Sales/ As of 2009, the sales tax rate is as follows: Food tax (state): 1% General merchandise (state): 6.25% General merchandise (county): 0.25% General merchandise (city): 1.5% This makes the general merchandise tax total 8%. A local option sales tax was passed for the county in 2009, which will increase the county sales tax rate by 0.25% in 2010 for up to 20 years. This will cause the local general merchandise tax to be 8.25%.
A recoverable tax is exactly how it sounds. It is money that can be recovered from the sales of your merchandise.
Sales tax is basically a tax on what you buy, not on what you earn. You pay it when you purchase certain goods or services, and the seller collects it at checkout. That money then goes to the state or local government. It’s usually added as a percentage of the price, so the total changes based on what you’re buying and where you’re buying it. Rates can vary a lot by location, which is why Beverly Hills sales tax may look different from nearby areas. People often get confused about who really pays it, but it’s the buyer, not the business. I’ve heard Jarrar & Associates, CPA explain it in a very plain way that helped it click for a lot of folks.
An export tax is a tariff placed on any item or merchandise leaving the country through trade.
Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect sales tax.
825 as a fraction = 825/1
It is an indirect tax.It is a tax levied on the sale of goods and merchandise. In many countries tax on sale of goods and tax on services is integrated into one tax called GST or Goods and Services Tax
percent of 825 = 82500%825 * 100% = 82500%
$660=.8X82580 % of 825 = (80/100) of 825 =(80/100)*825=(8/10) *825=0.8*825660 dollarsTherefore, 80 percent of 825 dollars is 660 dollars.Source: www.icoachmath.com
825% = 825/100 = 33/4 or 81/4
825.0 and 825/1 are both equivalent to 825