The amount will not have tax deducted. i.e for a child under 16 the account should be gross not net.
HTH
Gross of tax may mean that the price stated includes the tax portion.
Sales Tax / Sales Tax Rate = Gross Sale
this is your FULL monthly income before tax withdrawal.
TD means "To Date" Total gross pay to date means the amount you have been paid during the tax year before deductions for tax.
"Gross for tax TD" typically refers to the total income amount before any deductions or taxes are applied, used in the context of tax declarations or assessments. "TD" may stand for "tax declaration" or "tax deduction," depending on the specific context. This figure is important for calculating the overall tax liability owed to tax authorities. Understanding gross income helps individuals and businesses accurately report their earnings and comply with tax regulations.
Gross of tax may mean that the price stated includes the tax portion.
Gross receipts tax = GRT in USA
Sales Tax / Sales Tax Rate = Gross Sale
this is your FULL monthly income before tax withdrawal.
TD means "To Date" Total gross pay to date means the amount you have been paid during the tax year before deductions for tax.
"Gross for tax TD" typically refers to the total income amount before any deductions or taxes are applied, used in the context of tax declarations or assessments. "TD" may stand for "tax declaration" or "tax deduction," depending on the specific context. This figure is important for calculating the overall tax liability owed to tax authorities. Understanding gross income helps individuals and businesses accurately report their earnings and comply with tax regulations.
Tax incidence is concerned with the tax welfare. Specifically, it analyzes the tax on economic welfare. It's said tax incidence takes the burden of the tax.
No. tax is deducted from gross sales neither is it deducted from gross profit.
If I understand your question correctly you know what the Gross Receipts are and need to calculate the sales tax that is included. If that is the case this is how to do it. Gross Receipts - Gross Receipts divided by (1+ Tax Rate) if your tax rate is 5% and your gross receipts including tax are $1,050.00, divide $1,050.00 by 1.05. The result is your net receipts without tax. $1000.00 . Then $1050.00 -$1000.00 = $50.00 the sales tax
gross sales tax is the tax you pay on total receipts/sales. basically you can't deduct any expenses before you pay the tax.
gross
False