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Sales Tax is imposed by State and Local government. Sales tax provides around 11 percent of state tax revenue (on average).
Jessie Zieme
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At which level of government is sales tax imposed?
Sales Tax is imposed by State and Local government. Sales tax provides around 11 percent of state tax revenue (on average).
Which level of government is income tax imposed?
Federal and State
is the sales tax based on the actual sales price?
In a way, yes. It is a tax imposed in the sales you make and an amount of tax (a percentage of the amount you charge the customer for the item or service) on this has to be paid to the government.
What is national sales tax?
A national sales tax is a consumption-based tax imposed on the sale of goods and services at the federal level. It is collected directly from consumers at the point of sale and is intended to generate revenue for the government. National sales tax can take different forms, such as a value-added tax (VAT) or a goods and services tax (GST).
What level of government is sales tax assessed?
State and local a+
Which of these describes a use tax?
type of sales tax imposed on goods purchased from another state A+
Why couldn't the government have the power to tax?
they didnt have money to run the government
disadvatage of sales tax?
A sales tax is a certain percentage of tax imposed by the government on the sales of goods and services. As per the law, a seller can collect some amount of sales tax from the consumers they are selling goods and services to. The sales tax does not produce any revenue to the seller. However, a seller is responsible to collect sales tax from consumers and pass it to the official authorities.
Who discovered the percents?
It was a tax imposed in Roman times in the markets as a 'sales tax'
Which type of tax is imposed on specific goods and services at the time of purchase?
Sales Tax
Which type of tax is imposed on tangible goods such as groceries clothing and electronics?
(sales tax)
A tax imposed on so-called luxury items which is paid in addition to a sales tax is called a?
excise tax
