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To find the after-tax price received by sellers, you first need to determine the tax amount imposed on the sale. Subtract this tax from the market price of the good or service. The resulting amount represents the price sellers effectively receive after the tax is deducted. For example, if the market price is $100 and a $10 tax is applied, sellers receive $90 after tax.
What else can I help you with?
Difference between Excise tax and sales tax?
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
How do you find the discount and sales tax of a item?
To find the discount on an item, multiply the original price by the discount percentage (expressed as a decimal), then subtract that amount from the original price. For sales tax, multiply the original price (or the price after discount) by the sales tax rate (also as a decimal). Finally, add the sales tax to the discounted price to get the total cost.
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
How do you find out if the IRS received my 2007 tax return?
irs.gov
How do I find out why I have not received my state tax refund.?
You need to contact your local economic office to inquire about any tax information.
How does a tax on a good affect the price paid by buyers the price received by sellers and the quantity sold?
Quantitiy is not a factor, as the buyer will pass along the increased cost due to the tax.
How does a tax a good affect the price paid by buyers the price received by sellers and the quantity sold?
it will totally depand upon elasticity of supply and demand if it is elastic then iten the tax paid will be by both however if it is inelastic then burden of tax will be laid upon buyer
How do buyers and sellers share the burden when a tax is levied on a good?
When a tax is imposed on a good, buyers and sellers typically share the burden by adjusting the price of the good. Sellers may increase the price to cover the tax, which can lead to higher prices for buyers. Buyers may also end up paying more for the good as a result of the tax. Ultimately, the burden of the tax is shared between buyers and sellers through changes in the price of the good.
How does the imposition of a tax on sellers of a product affect the demand curve?
When a tax is imposed on sellers of a product, it increases the cost of production for the sellers. This leads to a decrease in the quantity supplied at each price level, shifting the supply curve to the left. As a result, the equilibrium price increases and the equilibrium quantity decreases. This change in price and quantity causes the demand curve to shift to the left, reflecting a decrease in demand for the product due to the higher price.
Difference between Excise tax and sales tax?
Sales tax is what consumers normally pay for, or are charged for a good/ service; and excise tax is the "hidden" tax that the producers or sellers pay for. Sales tax is listed separately. Sometimes producers and sellers include the value of the excise tax within the goods or service as an " indirect tax". So that means, theoretically, sometimes consumers are being taxed twice for the price. You can find more info about sales tax and excise tax at the B.L.S. or the Federal Bureau of Labor and Stats...
How do you find original price of item before sales tax?
Original Price = Total / (1 + Tax)
How do you find the tax rate of something?
You multiply the tax with the price then divide
How do you find the regular price of an item when tax has already been calculated?
Multiply your price by the tax rate (in decimal form) and subtract that from your original price.
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What determines how the burden of a tax is divided between buyers and sellers?
The burden of tax is divided between buyers and sellers by the forces of supply and demand.
How do you find the original price of an item if you know the sales tax percent and amount?
The amount of tax divided by the percent of tax (expressed as a decimal) will equal the original price.
How do you find out if the IRS received my 2007 tax return?
irs.gov
