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In California, restocking fees are generally considered part of the sales price of a product and are subject to sales tax. According to the California Sales and Use Tax Law, if a retailer charges a restocking fee when a product is returned, that fee is taxable unless a specific exemption applies. Retailers must include restocking fees in the total sales price when calculating the sales tax owed. It’s essential for businesses to consult the California Department of Tax and Fee Administration for specific guidelines and compliance.
What else can I help you with?
What are three different types of fees a state may collect?
Fees collected in a state are taxes on income, payroll, property, sales, imports, estates and gifts.
What are the sources of taxation?
individual income sales property corporate income user fees vat
Can a collection agency try to collect on 9 year old bank account fees in California?
NO NO NO
How does the accounting for sales to customers using bank credit cards such as Master Card and Visa differ from accounting for cash sales to customers?
The Credit Card companies charge a "fee" for each charge sale at the merchant. The fees are either a flat fee or a percentage of the sale total. The fees change from bank to bank and there is no real "standard" to list here, at least that we know of.
Where does CA get the majority of its revenue?
California generates the majority of its revenue from personal income taxes, which account for a significant portion of the state's budget. Additionally, sales and use taxes contribute a substantial amount, particularly given the state's large consumer base. Other sources of revenue include corporate taxes, fees, and federal funding. This reliance on income taxes makes California's revenue system highly sensitive to economic fluctuations.
In California do you pay sales tax on a vehicle that you are leasing?
Yes you will have to pay taxes, title and fees on top of the downpayment when you lease a car.
What is the purpose of the California State Board of Equalization?
The California State Board of Equalization collects California state sales and taxes that provide revenue for state government and essential funding for countries and cities.
What is California Code of Civil Procedure 396b?
In general terms it deals with the reimbursement for payment of legal costs and lawyers fees.
Does an Alaska resident pay California sales tax when purchasing a car in California?
No, an Alaska resident does not pay California sales tax when purchasing a car in California, as Alaska does not have a state sales tax. However, if the car is registered in California, the buyer may be subject to local taxes or fees. Additionally, if the vehicle is taken back to Alaska, the resident may need to comply with Alaska's registration requirements. It's advisable to check with local authorities for specific details.
What is the fine for violation of 21461 of the vehicle code?
California Vehicle Code 21461: Disobey traffic device. Probably $350-425. After all court fees are tacked on.
What fees are charged by sales agents?
Sales agents may charge a few types of fees. One of the big fees that sales agents use is an estate angency fee. The estate agency fee alone can cost 10%.
What are the tax title and license fees by state?
Tax, title, and license fees vary significantly by state in the U.S. Typically, these fees include sales tax on the vehicle purchase, title fees for legally transferring ownership, and license or registration fees for obtaining license plates. States like California have higher fees due to higher sales tax rates, while others like Florida may have lower costs. It's essential to check each state's Department of Motor Vehicles or equivalent agency for the most accurate and up-to-date information.
How are taxes calculated on a Sale of residence in California?
There is County Transfer Tax fees but on Residential properties there is no sales tax due. Mobile homes and some modular homes may have a sales tax imposed. Check with a local Realtor and they can assist you with this
Is charging for handicap parking in the state of California legal?
No, it is not legal to charge for parking in designated handicap parking spaces in the state of California. The California Vehicle Code specifically prohibits charging fees for accessible parking.
Is there sales tax on auto documentation fees?
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What is meant by a no load mutual fund?
No load mutual fund means the fund does not charge any type of sales load as the name implies. However, this type of fund may charge fees that are not sales load like purchase fees and redemption fees.
What is the sales tax on used vehicles in California?
In California, the sales tax on used vehicles is typically based on the purchase price of the vehicle and varies by location, as local jurisdictions can impose additional taxes on top of the state’s base rate. As of October 2023, the statewide base sales tax rate is 7.25%, but when combined with local taxes, the total can range from about 7.25% to over 10%. Additionally, certain fees may apply, such as vehicle licensing and registration fees. It's advisable for buyers to check with their local Department of Motor Vehicles (DMV) for the exact rate applicable in their area.
