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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
$60.50
What is the sales tax for 93292?
The combined sales tax rate for Visalia, CA is 8.25%. This is the total of state, county and city sales tax rates.
How much is 13.99 plus 7 percent sales tax?
The total tax is $0.98 and the total price with tax is $14.97
How much is sales tax on new cars in durango co?
The current total local sales tax rate in Durango, CO is 7.9%
What type if tax is a sales tax?
A sales tax is a consumption tax imposed by the government on the sale of goods and services. It is typically calculated as a percentage of the purchase price and is collected by the retailer at the point of sale. The revenue generated from sales tax is used to fund public services and infrastructure. Sales tax rates can vary by jurisdiction and may differ for specific categories of goods or services.
What type of tax is imposed on tangible goods such as groceries clothing and electronics?
A food tax or a produce tax
Is there sales tax to consumer on Gasoline?
If you live in the US, then yes.
The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. On average, as of January 2015, state and local taxes add 30.1 cents to gasoline and 30.1 cents to diesel, for a total US average fuel tax of 48.5 cents per gallon for gas and 54.5 cents per gallon for diesel.
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The answer above is wrong (and probably a cut and paste from an online encyclopedia, as I edited out footnote reference numbers and the original answer did not include any footnotes).
The US Federal excise on Gasoline as a motor fuel for use in vehicles driven on public highways is NOT a sales tax. The money collected by a sales tax goes into the General Fund and can be used for any purpose, the money collected by this excise tax goes into a special Federal Highway fund and by law can only be used for highway construction or highway maintenance purposes. Also this excise tax is not charged on all gasoline sold to consumers as a sales tax would be: consumers that buy gasoline for nonmotor vehicle uses (e.g. Coleman lanterns and camp stoves) or for use in motor vehicles that do not use public highways (e.g. farm machinery), the gasoline they buy is exempt from this excise tax. Some people do not know that gasoline lawn mowers also qualify for the purchase of gasoline without the payment of this excise tax, and just buy the same gas as they do for their cars.
The only time there is a sales tax on gasoline purchases is when the gasoline is purchased within the jurisdiction of a state, county, or municipality that charges sales tax, and this sales tax is identical to the sales tax on all other purchases made in that jurisdiction.
Here in Montana there is no sales tax and never has been a sales tax, so consumers pay no sales tax on gasoline.
The equation that would be used to correctly determine the cost of the 3 items is 0.65x=13.85.
After the 15 sales tax the jeans were 11.50 how much was the jeans before the sales price?
If the jeans cost $11.50 after the 15% sales tax, the cost of the jeans without sales tax is $10.00.
What is additional amount of money charged to items that people buy?
Sales tax is charged to items that people buy.
How is interest similar to sales tax and markups?
Interest, sales tax, and markups all represent additional costs added to a base price. Interest is the cost of borrowing money, while sales tax is a percentage added to the purchase price of goods or services. Markups increase the selling price above the cost price to ensure profit. In essence, they all influence the final amount consumers pay for goods or services.
