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What tax is paid by businesses only?
sales tax sales tax!
What type of tax is the sales tax?
A sales tax is a consumption tax, usually paid by the consumer at the point of purchase. For A+ answer is regressive
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
Which kind of tax is paid when purchasing consumer goods and services?
sales tax
What tax based on the price of goods and paid at the time of purchase?
The tax based on the price of goods and paid at the time of purchase is known as a sales tax. This tax is typically a percentage of the retail price and is collected by the seller at the point of sale. Sales tax rates can vary by jurisdiction, and the revenue generated is often used to fund local and state government services.
What tax is paid by businesses only?
sales tax sales tax!
What is tax paid by customers?
sales tax
Is sales tax paid on an auto when it is sold person to person?
Yes it is. Sales tax is paid when you transfer the vehicle ownership.
What type of tax is the sales tax?
A sales tax is a consumption tax, usually paid by the consumer at the point of purchase. For A+ answer is regressive
Which tax is paid most people in the us?
Sales tax.
Suppose that a local sales tax is 6% and you purchase a backpack for $24, how much tax is paid?
$1.44 tax paid
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
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
If the sales tax rate of 899.00 is 4.5 percent how much tax will have to be paid?
The total tax to be paid is $40.45. The total price with tax is $939.45
What describes an excise tax?
types of sales tax initially paid by the wholesaler
Which kind of tax is paid when purchasing consumer goods and services?
sales tax
What percent of sales tax was on a 12.00 purchase if the tax paid was 0.72?
6%
