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It is a proportional tax.

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Q: What if your department store receipt says you paid a 5 percent sales tax on sports equipment this sales tax is an example of?
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Related questions

Your department store receipt says that you paid a 5% sales tax on sports equipment. This sales tax is an example of a _____.?

regressive tax


What is the verb of receipt?

Receipt can be a verb, it is a regular verb. It means to mark something as being paid. John receipted the invoice and passed it on to the accounts department


Can you write a sentence useing the word receipt?

No department store will allow the return of merchandise without the appropriate receipt. The teacher requested a receipt so that she can claim her purchase of school supplies on her income taxes. The company will reimburse business travel expenses when a receipt is provided.


What types of events make the equipment account go up Are these debits or credits to equipment?

The purchase or receipt of equipment make the equipment (ASSET) account go up. The entry is a debit to equipment and a credit to cash or accounts payable.


What documents would reflect any changes to your publications equipment?

hand receipt & Change Document


How do you compute 12 percent vat on a receipt?

Multiply the pre-VAT amount by 0.12


Where can I find insurance for my music instruments?

Most major insurance companies can provide insurance for musical instruments. One will need appraisals of the equipment or receipt for the equipment acknowledging cost.


Can freight bills that are used to ship equipment be allocated to fixed assets?

No. A freight bill only shows that the equipment was shipped. A signed delivery receipt would be needed. The equipment could have been lost or damaged and therefore not, or no longer, an asset.


How do you receipt for ekms comsec equipment?

Controlled Cryptographic Items are not accountable in CMCS and should be receipted for using DD Form 250.


If some goods from a purchase are damaged upon receipt and returned to the supplier the ap department should receive?

an invoice and credit memo


If some goods are damaged from a purchase order upon receipt the accounts payable department should receive a?

an invoice and debit memo


what is the receipt?

what is the receipt?