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Is cash back the same as rebates?

Updated: 9/15/2023
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15y ago

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Seemingly...either could be from manufacturer or retailer...which is what makes the difference for sales tax.

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15y ago
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Q: Is cash back the same as rebates?
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Continue Learning about Accounting

Why Diffrance between cash flow and accounting profit?

Cash flow by definition looks at the flow of cash either inwards or outwards. However, financial statement accounting considers cash flows as well as non-cash items like depreciation, amortization of goodwill, capital write offs, bad debts, provisions, discounts & rebates, etc. The non-cash transactions affect the accounting profit while does not have any impact on the cash flow statements.Hope this helps!


What all credit cards offer the cash back program?

Almost all credit card companies offer some form of cash back program. Chase bank offers perhaps the most well known cash back programs, with up to 5% cash back for the first 12 months of usage, and up to $3000 cash back.


Is cash-back from purchases taxable with the IRS?

No, but... If you the cash back was paid for the purchase of an item that you are deducting (such as a business expense), then you have to reduce the deducted amount by the cash back paid for that item. Cash back payments are not taxable for their own sake, because you had to purchase something to get them, so they are just like discounts on the items purchased.


What is a cash grant?

a cash grant is like a loan but you don't have to pay them back


What happens if you write a check for something then bring it back to get a cash refund?

You will not get a cash refund. You will get your check back if it is the same day. Otherwise, the store will wait until your check has cleared the bank to make certain you have the money to buy the product. Otherwise, you will be charged for an overdrawn check and prosecuted by the company.

Related questions

Where can comparisons of cash back rebates be found?

There are several comparisons sites online to carry out comparisons of cash back rebates. Sites that offer this service include Cash Back Holic and Cash Back Monitor.


Is there a website to find out what to do with appliance rebates?

Sears.com is a commonly used site that people use to get cash back rebates on appliances. The reviews from customers seems to be very good. The rebates seems to be even better.


What kind of rebates are offered for credit card use?

Most credit cards offer some kind of rebate. Among the most common would be a % of cash back to airline miles. A variety of cards offer cash back on gas purchases and grocery purchases.


Ask About Rebates?

If you are going to be paying cash for your car, and don't need financing, look into available rebates. Most often rebates and incentives are used to sell cars that aren't in high demand. Because the automotive industry is struggling, you will notice that rebates and financing deals are more available than ever. Make sure to ask the dealership about any rebates or incentives they offer.


what are digital camera rebates?

Digital camera rebates are rebates for digital cameras. A rebate is the same thing as a discount. You can currently find some discounts on digital cameras at Sears.


Which of the following is not an example of pricing based on group differences in elasticity of demand?

Cash rebates for purchases of automobiles.


What numbers are on the back of the coupon?

Checkout CouponCactus.com for the top online coupons, free coupon codes, promotional codes, discount coupons, and cash back shopping rebates online. They have always shown me the best place to get or look for coupon codes.


What are the benefits of shopping at Paper Direct?

There are many benefits. Some are coupons for items. While they also offer six percent cash back. And they also offer many rebates that end up saving you alot of money.


What kinds of rebates does Southern California Gas Company provide?

The Southern California Gas Company offers cash rebates on qualifying energy-efficient upgrades or improvements made to such places as family homes or multi-apartments. You could also qualify for prescriptive rebates for appliances such as a dishwasher, washing machine or a water heater.


Mr Rebates will be introducing the addition of our 2000 cash back store on November 27Th 2009 but here's the fun part You can win 2000 if you guess which name brand store?

sorry to tell you this but ain't gonna happen its a scam


What are the best car incentives when purchasing a new vehicle?

This varies on personal choice, however a selection of incentives are available including rebates, cash back offers, factory-to-dealer incentives, lease rates and low-interest financing


How to Find the Best Home Depot Rebates?

Home Depot rebates can offer you a nice and steady influx of cash during a time when you need it most. When you are shopping for your first home and filling it with new appliances, chances are you do not have extra money to spend. This is why you should always research appliances for the best rebates before buying any particular one. There may be a deal out there that allows you to get up to $1,000 back for the purchase of a particular appliance. You do not want to miss out on these sorts of deals, so do your research!