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Is sales tax paid on an auto when it is sold person to person?
Wiki User
∙ 11y ago
Yes it is. Sales tax is paid when you transfer the vehicle ownership.
Wiki User
∙ 11y ago
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A sales person earns a 6.5 commition on all sales recently the sales person sold a 125 what was the sales persons commition on the sale?
It depends on the gross profit
What does a real estate sales agent get paid?
The wages for a real estate sales agent will depend on how well the person is at selling properties. This is a commission based job and the agents get paid according to the number of properties sold as well as the value of the property. The payment is usually 4% to the agent that lists the property and 3% to the agent that sells the property.
Journal entries for goods sold but paid by cheque?
rent a/c dr. To bank ac.
What taxes is paid by the consumer when a product is purchased?
When a consumer purchases a product, they are sometimes required to pay a sales tax. Sales tax is usually collected from a consumer at the point of sale. A sales tax is paid to a governing body for each unit of a product sold or each instance of a service rendered.
Does the California DMV report used car sales to the IRS?
No. The DMV has no idea what you paid for it or sold it for, so they have no amount to report to the IRS.
Format of sales letter?
i sold my bike to other person that's why i need sale letter
What is commission sales?
When you are paid on a commission basis, you receive a certain percent of the price of the goods/services you sold, rather receiving a wage or salary.
Who sales moble home insurance?
There any number of companies that do. You can ask the person or company that sold you the home.
How many cars sold in the us last year?
For the past nine years, U.S. auto sales have totaled between 16.1 million and 17.4 million. --- Detroit Free Press by Tim Higgins by Tim Higgins "Interest rate cuts could help auto sales"
How many cars were sold in the US last year?
For the past nine years, U.S. auto sales have totaled between 16.1 million and 17.4 million. --- Detroit Free Press by Tim Higgins by Tim Higgins "Interest rate cuts could help auto sales"
Does the owner or employees of a retail business have to pay sales tax if they purchase goods from the vendor for themselves?
A purchase is exempt (excused) from sales tax if the item/s will be re-sold. If a purchase is made for consumption (for personal use) sales tax needs to be paid.
What can be done when auto is sold and not paid in full?
It depends on the state, but generally, in the U.S. the lein holder will eventually sue you for the difference of what the vehcile sold for and what you owed on it. Generally speaking, you will either have to pay it or file bankruptcy.
