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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
Does a moving company have to pay sales tax?
In general a company buying items for resale or use in the manufacture of another product or service does not pay sales tax.
If your question was do you pay sales tax on a moving companies services it depends on the state. Some states tax some services and not others, some states don't charge sales tax on any services. In some cases there are federal sales taxes called "Excise taxes" or fees charged on services.
What is the purpose for sales tax income tax and property tax?
Taxes in general are levied to pay for operations of the government. Some taxes are "earmarked" for certain purposes, gas taxes for transportation programs, etc. The power to tax is one of government's major ways to generate the revenue it needs to operate.
Which state offers the lowest sales tax rates?
The lowest sales tax rate in the US is that found in states that have no sales tax at all. These states are Alaska, Delaware, Montana, New Hampshire and Oregon. However, purchases in these states may still be subject to local sales tax depending on the community.
Why would one need a bill of sale form?
You need it to prove that you actually bought the vehicle, and you are the legitimate owner. Many jurisdictions also use this to determine a sales tax.
How can used cars for sale by owner be found?
Lots of Places ! , Craigslist, Cars for Sale , Ebay . (The list goes on)
Is there a proposal for a National Internet Sales Tax?
yes these have been several proposals to collect state sales tax on Internet sales and at some point it will probably pass. The idea is based on the fact that merchants selling over the Internet are in fact selling merchandise and should be collecting and paying state sales tax to the various states. Many states have added a line to their income tax form where residents are required to state how much they purchased on the Internet and pay the sales tax that way. Obviously that only collects a percentage of the correct tax.
Many large national internet merchants do collect and submit sales tax. The current state of the law requires merchants who have a "nexus" in the state to collect sales tax. A nexus being a physical presence.
If your question is about a "national sales tax" a percentage added on sales and going to federal government there have been few if any serious proposals. Some have suggested a national sales tax in lieu of income tax.
Can you charge sales tax on catering labor in Florida?
Florida sales tax applies to catering services, including the labor. However, if you hired someone just to provide services, with no food, then there would be no sales tax. I'm a Florida Attorney/CPA that does almost nothing by Florida sales and use tax controversy. I hope this answer helps.
James Sutton, CPA, Esq.
www FloridaSalesTax com
How much is 13 percent sales tax on 246.10?
It is 246.10 * 0.13 = 31.993
It is 246.10 * 0.13 = 31.993
It is 246.10 * 0.13 = 31.993
It is 246.10 * 0.13 = 31.993
What is 179.00 plus 9 percent sales tax?
179.00 + 9% = 179.00*1.09 = 195.11
179.00 + 9% = 179.00*1.09 = 195.11
179.00 + 9% = 179.00*1.09 = 195.11
What is 95.00 plus 8 percent sales tax?
It is 95.00 * 1.08 = 102.60
It is 95.00 * 1.08 = 102.60
It is 95.00 * 1.08 = 102.60
It is 95.00 * 1.08 = 102.60
- "6.7 percent" means 0.067
- 0.067 x P = 16.08
- P = 16.08/0.067 = 240
You would pay no sales tax to Georgia. You would be responsible to pay a use tax to the state of North Carolina for the retail price of the vehicle based upon the location where you will be registering the vehicle. This is normally collected by the N.C. DMV when registering the vehicle.
What is local body tax in maharashtra?
The local body tax in maharashtra the replacement of Octroi in India. It's believed that maharashtra's local body tax will be significantly less than that of what taxes was during the time in which Octrioi covered the same concepts for a higher tax price.
How do you calculate tax percent?
To calculate the tax percentage on a sale take the total sale, subtract the price of the item, then divide the result by the price of the item. Fpr example
a $1.00 item is purchased, the total sale is $1.10, subtract the $1.00. $.010 was paid in tax, to determine the tax percentage paid divide $ .10 by the
$1.00 item price and you get a .10 tax rate (or 10%).
( total purchase price - price of item ) / price of item = tax percentage
Be aware that on some sales only a portion of the sale is taxable, such as a take out order from a restuarant only the carbonated beverage may be taxable.
Is sales tax deducted from your paycheck?
Many taxes are deducted from your paycheck, but sales tax is not one of them. Sales taxes are collected by a merchant at the point of purchase of most goods and some services. The merchant remits the sales taxes to the state on your behalf. Occasionally, you many not pay sales taxes at the time of purchase, as in when you make a purchase online from a merchant in another state. In those cases, you would owe a use tax to your state which is usually paid when filling out your annual state income tax return.
What is the original cost of 4.80 if the tax is 6 percent?
The total tax is $0.27 and the price before tax is $4.53
How much is sales tax on auto in Arkansas?
that rate is 7 percent. A local tax may also be assessed.
Please see related link below.
How much sales tax will Nicole pay on a 36 shirt if the tax rate is 7 percent?
That depends what you mean by a 36 shirt. Usually it means a size 36 shirt, so the answer depends on the price of such a shirt. If you mean a shirt that costs 36 (dollars, cents, euros, whatever), the answer is 2.52.
What is the rate of CA sales tax?
The rate of CA sales tax ranges in district and is around 7.50%. The sales tax may be as low as .10% to 1.00%. For example, if something is bought at $1, then the tax will be about a dime.
What is the total cost of a 12.50 item plus 8 percent sales tax?
8% = 0.08
12.50 + (12.50 x 0.08) = 13.50
