answersLogoWhite

0

🤝

Sales Tax

Sales tax is a consumption tax levied upon purchase of a particular service or goods. The taxable amount is determined after applying the percentage rate to the taxable price of the goods or service.

3,209 Questions

When did sales tax begin in N.J.?

Sales tax was implemented in the state of New Jersey in July 1966. It started at a rate of 3% and has since increased to its current rate of 6.625%.

What is rate for MO SUTA tax?

The standard employer contribution rate for Missouri SUTA tax varies based on the employer's experience rating and industry classification. It typically ranges from 0.0% to 6.0% for experienced employers, with new employers starting at a rate of 3.51%.

What is the sales tax rate in will county Il.?

The current total local sales tax rate in Will County, IL is 7.000%.

What is the sales tax for Suffolk County Long Island New York?

The sales tax rate for Suffolk County, Long Island, New York is 8.625%. This rate comprises the state sales tax rate of 4%, the Suffolk County rate of 4.25%, and the Metropolitan Commuter Transportation District (MCTD) surcharge of 0.375%.

What is the sales tax for the state of Mississippi?

The sales tax rate in Mississippi is 7%. However, local jurisdictions can add additional taxes, so the total sales tax rate can vary by location within the state.

IS THERE SALES TAX ON LABOR IN THE STATE OF GEORGIA?

In Georgia just like most other sales taxes it depends on how you invoice your customers. I often times advise clients on this issue. You need to invoice material and labor separately on your invoices that you give to your customers. If you do this then the answer is no, you will not have to charge or pay sales tax on the labor portion. If you bill a client say $5000 for the building of a deck and that's all the bill says then you must pay sales tax on the $5000 total. If you list $2250 for material and $2750 for labor then you will only pay sales tax on the $2250 material part of the bill. Most people don't want to show this much detail. You must be honest in your separation. You can't charge $1 for material and $4999 and think you are being smart by screwing the tax people. If you do this you will regret it. Expectation is you charge more for materials than you pay for them for handling, profit, etc.

What is the sales tax rate in Tulsa OK?

The current total local sales tax rate in Tulsa, OK is 8.517%.

What is the sales tax rate in Polk county FL?

The current total local sales tax rate in Polk County, FL is 7.000%.

What states collect sales tax?

Most U.S. states collect sales tax, with a few exceptions such as Alaska, Delaware, Montana, New Hampshire, and Oregon. The specific rate and regulations vary by state and can also include local sales taxes on top of the state rate.

What is highland park IL sales tax rate?

The current total local sales tax rate in Highland Park, IL is 8.000%.

What is the sales tax rate on rates in kansas city Missouri?

The current total local sales tax rate in Kansas City, MO is 8.35%.

Does South Carolina charge sales tax om labor?

Yes, South Carolina charges sales tax on labor services that are considered taxable, such as certain types of repairs, installations, or construction services. However, some labor services may be exempt from sales tax, depending on the specific circumstances. It's recommended to consult with the South Carolina Department of Revenue or a tax professional for guidance tailored to your situation.

Is county and township tax the same as local tax?

County and township taxes are a subset of local taxes. Local taxes typically include county, township, city, and school district taxes that help fund local government services and infrastructure. Each of these taxes serves a specific purpose within the local community.

When did sales tax begin in Texas?

Sales tax in Texas was implemented in 1961.

When did sales tax begin in Minnesota?

Sales tax was first implemented in Minnesota in 1967 as a way to generate revenue for the state government. It initially started at a rate of 3%, but has since been amended numerous times to its current rate of 6.875%.

What is the sales tax in sugar land Texas?

The current total local sales tax rate in Sugar Land, TX is 8.250%.

Do you pay state sales tax when you have a home built?

The payment of state sales tax when building a home can vary depending on the state and the specific circumstances. In some states, you may be required to pay sales tax on materials and labor used during construction. It is recommended to consult with a tax professional or your local tax authority for specific guidance on your situation.

What is national sales tax?

A national sales tax is a consumption-based tax imposed on the sale of goods and services at the federal level. It is collected directly from consumers at the point of sale and is intended to generate revenue for the government. National sales tax can take different forms, such as a value-added tax (VAT) or a goods and services tax (GST).

What is the example of sales tax?

An example of sales tax is when a customer purchases a product at a store and pays an additional percentage of the product's price to the government as tax. This tax is collected by the seller and then remitted to the appropriate tax authority.

Do you charge sales tax on construction labor in New York?

Yes, sales tax is generally charged on construction labor in New York unless the work qualifies for a specific exemption or exclusion. It's recommended to check with the New York State Department of Taxation and Finance for the most current information on sales tax requirements for construction labor in the state.

Which states allow cities or counties to levy income and sales tax?

States such as Alabama, Alaska, Arizona, and California allow cities or counties to levy income and sales tax. The authority for local governments to impose these taxes can vary by state and is subject to state laws and regulations.

What was the rate of tax during mahajanapada period?

During the Mahajanapada period in ancient India, taxes were collected in various forms such as produce, cattle, and goods. The tax rates varied depending on the region and the ruler, but commonly ranged from one-sixth to one-fourth of the produce.

How is county tax used?

County tax is used to fund various local government services and projects, such as public schools, infrastructure maintenance, law enforcement, public health programs, and emergency services. The revenue collected from county tax is allocated based on the determined needs and priorities of the local community to support its growth and development.

When do the occupancy tax rates go up in Jackson County NC?

The occupancy tax rates in Jackson County, NC, were set to increase from 3% to 6% starting on October 1, 2021. This change was approved by the Jackson County Board of Commissioners to help support tourism-related efforts in the area.

What is Sin Tax Bill?

A sin tax is a type of sumptuary tax. That is a tax specifically levied on certain goods and services which society considers to be unacceptable. Examples of items taxed this way include tobacco, alcohol, candies, soft drinks, gambling, fast food, polluting vehicles, and coffee. Some suggest sumptuary taxes on sugar and soft drinks for public health reasons. Some jurisdictions impose taxes on illegal drugs such as marijuana and cocaine.

The revenue generated by such taxes is sometimes used for special projects. However, such revenue can also be used in the ordinary budget. For instance, American cities and states have used them to pay for stadiums or for education. In Sweden, gambling taxes are used to help problem gamblers. People are more likely to accept sumptuary taxes than income taxes or sales taxes.