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the customer of the purchased item is taxed by sales tax.
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∙ 12y ago
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What is input taxed sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
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
Can services charges be taxed?
Sales tax I presume...which changes from state to state. However, most States now have a fairly inclusive sales tax on services (not all, but most).
How much is sales tax on a dollar in Tennessee?
The state sales tax rate in Tennessee is 7.000%. With local taxes, the total sales tax rate is between 8.500% and 9.750%. Food in Tennessee is taxed at 5.000% (plus any local taxes).
If I resell a product that I already paid California sales tax on do I have to pay sales tax again on the resale?
Yes and no. It depends on your situation. If you are a business, for example, and you are in construction, if you paid sales tax on lumber, you don't have to collect it from the end user. If you bought the lumber with a reseller's permit, you didn't pay taxes, so you need to collect it from the end user. If you routinely hold garage sales, you would have to collect sales tax on the items, even though they have already been taxed at purchase. Think of a vehicle in CA - it is taxed each time it changes owners, regardless of who paid the original tax.
What is input taxed sales?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
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
What is the highest taxed state in the union?
The answer is Califonia, which the sales tax is 7.25% of the subtotal.
Are shoes taxed sales tax when purchased in Massachusetts?
There is no sales tax on shoes in MA. There is however a luxury tax for items over $175. You pay tax only on the amount over $175.
Who generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
How generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for a good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand of the good taxed is inelastic?
the consumer
What is the tax on 135.00?
It would depend on whether the 135.00 is income or if not, it would be taxed according to your state laws on sales tax.
What is the sales tax on a new car in Georgia?
Georgia sales tax differs from county to county and you are taxed based on the county you live in. If you live in another state you don't pay Georgia sales tax you'll pay the tax to your state when you register the car.
Is a gift card with no cash out tax exempt?
Your speaking about sales tax: Generally, the card purchase is not taxed. Whatever it is used for is taxed and paid at time of purchase...as taxable and at the rate for where the purchase occurs.
Can services charges be taxed?
Sales tax I presume...which changes from state to state. However, most States now have a fairly inclusive sales tax on services (not all, but most).
