sales tax
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The Georgia Administrative Assessment Tax is a fee imposed by the Georgia Department of Revenue on certain tax returns and assessments to cover the costs of administering tax laws and ensuring compliance. It typically applies to various tax types, including sales and use tax, income tax, and corporate tax. The assessment is designed to support the state's tax administration functions and streamline the overall tax collection process. The specific rates and application of this tax can vary, depending on the type of tax being assessed.
It is the percentage at which tax is levied.
An excise tax or sales tax is calculated on a per-item basis
The amount of property tax is determined through the use of a mill levy.
property tax is considered as direct tax effect of property tax directly falls to the owner.
For all my fellow students, the correct answer is SALES tax. :)
No, VAT (Value Added Tax) is not a direct tax; it is considered an indirect tax. Direct taxes are imposed directly on individuals or organizations, such as income tax or corporate tax, and are based on their ability to pay. In contrast, VAT is levied on the consumption of goods and services, and the burden is passed on to consumers at the point of sale.
direct tax
Toll tax is a direct tax
difference b/w direct tax and indirect tax
direct tax
A direct tax is a type of tax that is imposed directly on an individual's or entity's income or wealth, and the burden of the tax cannot be shifted to another party. Examples of direct taxes include income tax, corporate tax, and property tax. These taxes are typically levied based on the taxpayer's ability to pay, reflecting their financial status. Unlike indirect taxes, which are included in the price of goods and services, direct taxes are paid directly to the government by the taxpayer.
The two examples of direct tax is Income tax and Wealth tax.
An income tax is an example of direct tax.
The two examples of direct tax is Income tax and Wealth tax.
direct tax