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I believe that it is income tax or tax on goods.
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∙ 12y ago
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What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
What are the examples of direct tax and indirect taxes?
...not sure but an direct tax is when you are taxed right then and there and you know about it ...a indirect tax is when you are taxed later on and don't know about it
What term is used to describe the percentage that is taxed?
The percentage at which something is taxed is the Tax Rate.
What is the Name 3 types of taxes?
Proportional tax: Remains a fixed amount (percentage) no matter the amount being taxed. Progressive tax: Increases as the amount being taxed increases. Regressive tax: Decreases as the amount being taxed increases.
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
If George earned $50,000 and was taxed $7,500, while Julia earned $80,000 and was taxed $9,000, what type of income tax structure exists in their country?
regressive income tax
What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
Do you get taxed on money saved?
Not taxed again on the after income tax money that you have saved but you are taxed on the earnings from the after income tax saved money.
What are the examples of direct tax and indirect taxes?
...not sure but an direct tax is when you are taxed right then and there and you know about it ...a indirect tax is when you are taxed later on and don't know about it
Why is food taxed if it is eaten on premises but it is not taxed if it is to go?
Its not taxed anywhere. If your eating at a restraunt, the tax is for their services.
Did the congress have the power to tax?
They taxed and they taxed and they taxed...
Tax on gasoline is an example of what type of tax?
Tax on gasoline is an example of an excise tax. Excise taxes are taxes on specific goods or services that are typically included in the price of the product and paid by the consumer, rather than collected separately. The purpose of an excise tax is usually to discourage the consumption of the taxed item or to raise revenue for the government
You might get taxed on your severance pay but what is taxed with a severance tax?
Anything mined
How much is taxed are you taxed on 1476.00?
in Britain it is 17.5% tax rate and if that is your annual income then no.
What term is used to describe the percentage that is taxed?
The percentage at which something is taxed is the Tax Rate.
What type of tax is usually paid to the country treasurer?
property tax
What is the Name 3 types of taxes?
Proportional tax: Remains a fixed amount (percentage) no matter the amount being taxed. Progressive tax: Increases as the amount being taxed increases. Regressive tax: Decreases as the amount being taxed increases.
