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what is the example of sales tax?

Updated: 4/30/2024
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10y ago

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An example of sales tax is when a customer purchases a product at a store and pays an additional percentage of the product's price to the government as tax. This tax is collected by the seller and then remitted to the appropriate tax authority.

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Q: What is the example of sales tax?
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An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.


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