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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
CAN you charge sales tax on labor in NY?
Yes, in the state of New York you can charge sales tax on labor. This tax law is different for each state, so if you travel away from NY, be sure to check local state law.
What is the total for 449.95 plus 7 percent sales tax?
The total tax is $31.50 and the total price with tax is $481.45.
What is 5 percent in sales tax?
To calculate 5%, just multiply by .05 which means the same thing, 5 out of 100. So let us say that you are buying a coat that costs you $60. To add 5% sales tax, you can calculate $60 x .05 = 3. The total cost is then $60 + $3 = $63.
Why might wealthy oppose income taxes and poor people oppose sale taxes?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
What is the sales tax rate for Des Moines Washington?
The current total local sales tax rate in Des Moines, WA is 9.500%.
What is 10 dollars with a 4 percent sales tax?
4% means 4/100 = 0.04
0.04 * $10
= 40 cents
--------------------so,
$10.40
=======Price with sales tax.
What is 8.75 dollars with a 5.25 percent sales tax?
The total tax is $0.46 and the total price with tax is $9.21
How much is 7 percent sales tax on 95.50?
The total tax is $6.69 and the total price with tax is $102.19
Need the answer why is sales tax a liability to a business?
When a business collects Sales Tax, it owes it to the Sales tax collecting authority. Sales tax that has been collected but not paid to the Sales Tax collecting authority should be carried on the books as a liability.
How much is 7 percent sales tax on 138 dollars?
The total tax is $9.66 and the total price with tax is $147.66
Is there sales tax on used ATVs?
If bought from a dealer, yes. If bought from an individual and your state does not require a title for an ATV then no.
What is the rate for the sales tax in NJ?
The sales rate tax for New Jersey is currently 7%. As a rule of thumb, no other cities based in New Jersey can add any additional tax on top of the 7%.
What exactly does a Hp 12c financial calculator do?
The HP 12c financial calculator has all of the functions of a normal calculator plus additional functions for financial transactions. There are buttons to easily calculate loan amoritization, percent discounts, and sales tax.
What is the total cost is 12.60 item when 0.07 percent sales tax is added?
Think about it like this:
12.60 is 100% of the cost.
Since you are "adding" the tax on, 100% and 0.07% = 100.07%
The cost without tax is 100%, but you need to pay 100.07%, so multiply the number by 100.07%
Percents can be written as a decimal:
100% = 1 (as a decimal)
0.07% = 0.0007 (as a decimal)
100.07% = 1.0007
$12.60 x 1.0007 = $12.60882
If currency only goes as low as a cent, you would round to the cent.
$12.60882 = $12.61
The tax is one cent, increasing the total to $12.61.
Why do you pay sales tax on cars in Massachusetts?
Because it is the law. The state of Mass collects sales taxes on every car sold as a way of raising revenue for the operation of the state. Almost every state in the union has a sales tax on the sale of a car.
Because sales tax is set by each state and some metropolitan areas. Some states even let individual counties set it.
