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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

How much is sales tax in Tennessee?

It depends on where the purchase is made in Tennessee. See 'Sources and related links' below for the rate by city.

What is the maximum sales tax rate charged in Florida?

The highest sales tax rates in Florida are in Madison and Escambia counties at 7.50%.

Is GST receivable recorded on any purchase a business makes that is taxed?

I would assume that the GST which is like a sales tax or value added tax works the same way. In this case purchases by companies for resale are not usually taxed while items purchased by a company for final usage is taxed such as office supplies, computers, tools, etc. Raw materials or items to be used to go into production of a finished product would not be taxed when purchased by a company manufacturing items, but would be taxed when sold to the final user so that it is only taxed once. For instance, wood, nails, glue, stain, varnish, etc. used to manufacture a rocking chair would not be taxed when purchased by the manufacturer but when sold to the final customer it would then be taxed.

Used cars for sale in bugibba?

I don't know where bugibba is. Maybe you can search for used cars in trading post if you're looking for local sellers

Where do you find out what you paid in sales tax on a used vehicle in Tennessee?

This information will be found on your Bill of Sale. It should show the vehicle purchased, VIN number, sales tax, and the total paid.

What is the sales tax on carpet in Florida?

Sales tax in Florida is 6% for the State. Other taxes by the locality can make the total go up to as high as 7.5% total.

The sales tax in New Jersey is 6 percent About how much will a 31 backpack cost including sales tax?

Are you stating the cost of the backpack is $31.00. To get the cost of any item with the addition of 6 percent all you do is to multiply the cost by 1.06. In this case, assuming the cost is $31.00 you multiply 31 x 1.06 and the answer is $32.86. To get the amount of the sales tax alone you multiply the cost by .06. Therefore $31.00 X .06 = $1.86. You always round to the nearest cent.

What is the sales tax in Springfield IL?

At the time of this post, it was 8%. 'Sources and related links' below has the most recent rate.

What is the sales tax on 20.00?

The sales tax on 20.00 will completely depend on the sales tax rate where you purchase the item. I cannot give you a number answer with the information you are giving.

How do you calculate Safe Harbor for sales tax?

Safe Harbor is a method of computing your sales tax based upon your income level. You need to look up the chart number and have the amount of State and Local Sales tax for your area. The Chart Numbers are on the IRS website. Just go to irs.gov and search Sales Tax and it will give you the chart based on what state you live in. Sales Tax is claimable instead of your State Income Tax withholdings amount but you can't claim both of them. It's one or the other.

Do you have to pay sales tax on a car when purchasing it from father to daughter?

This will depend on the state that you live in and the regulations and laws of that state. Being related will not make a difference if the law in your state says individual sales are taxable then you will have to pay sales tax.

What is Texas sales tax rate?

The Texas sales tax rate is 6.25%; however, local jurisdictions can add as much as 2%, which makes the maximum sales tax rate of 8.25%. Look in 'Sources and related links' below to find the rate in a specific city.

Can gas be used as a tax deduction?

Yes if you can prove that you used your car to travel for business. Driving back and forth to work does NOT count as a business expense. However, if you are a salesperson who drives to different places a lot of the time, you can claim fuel.