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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 do you add tax onto an item?
Your question is vague, but we can assume you're talking about adding sales tax to an item that is sold at retail. If the sales tax is 5 percent, multiply the item's tag price by 1.05, which gives you the total price. For example, if a sweater is 20 bucks, multiply that by 1.05, which gives you 21 dollars. Some people calculate the tax and then add it to the price. Five percent of 20 bucks is one dollar, so 20 plus one is 21.
You can multiply 1500 by .05. Your answer is the tax which you will need to add to the 1500 to get the total cost of the car.
are you dumb?! that's sooooo easy!
HOW OLD ARE YOU!?
LETS SEE BOB BOUGHT THE VEHICLE FOR 1500.00 BUT WHEN BOB WENT TO THE DMV THEY CHARGED HIM BLUE BOOK PRICE AND BOB GOT WHACKED FOR A PURCHASE PRICE OF 5800.00 DUE TO THE RESALE AND THE DEAL BOB GOT ON THE VEHICLE. SO THE SALES TAX INSTEAD OF BEING 1575.00 BUT GOT HAMMERED PAYING 6090.00 TOTAL. THE DEPT OF MOTOR VEHICLES SUCKS KID!
I'm 8.
no one asked how easy the question was just answer it that's all you have to do
I BELIEVE THE ANSWER IS SOLID 1575.00 NO DMV WAS ASKED IN THE QUESTION. JUST WHAT IS 5% OF 1500. THEN WE ADD TO 1500.00
You purchase a shirt for 8.50 there is a 6 percent sales tax what will your total cost be?
The cost will be $ 8.50 plus (0.06 x 8.50) = 8.50 + .51 = $ 9.01
What is the sales tax rate in Jasper County Missouri?
It was 5.2% when this was posted. 'Sources and related links' below has the current rate.
How much does a 69.95 jacket cost with 5 sales tax added?
Your $69.95 jacket with .05 sales tax will cost $73.45. Enjoy the jacket if you purchase it!
Is it common for a service company to charge eighteen percent on everything even their labor?
No. 18% is very low. Most companies will want to make 35 - 50% Gross Profit on parts and 65 - 80% on labor. So you would charge $100 for a part which costs $60; and charge $100 for an hour's labor when you pay the employee $25/hr. Even a law firm or accounting firm will mark up labor by more than 18%, although their gross profit on labor (hours) will not be as high as other industries.
It all depends on your local state and country's tax laws: in the United Kingdom and the rest of the European Union all services are subject to Value Added Tax, just the same as products. When you answer a question it is wise to keep in mind that some users of WikiAnswers live outside the US. The answer below may be correct for that country or for some other country. It would be a more useful answer if it stated the country's name... == No, this is a service not a product.
How can you annualize sales figures from five months of actual sales history?
In order to annualize the sales figure, take your sales for the past five months and multiply it by 12/5. The general formula looks like this: Earnings X 12/(# of months your earnings figure is based on)
Is there sales tax on Business Cards and What is it?
Sales taxes are imposed by state, and sometimes local, governments. Without knowing your location it is not possible to answer your question.
Is sales tax paid for business equipment capitalized or depreciated?
Normally, purchases for supplies and equipment used in the business (not for re-sale) are subject to sales tax. Could vary by state.
AnswerI think you meant to ask if the sales tax was expensed or capitalized. Any sales tax paid on equipment is considered to be part of the cost of the asset. Therefore its both capitalized and depreciated.How much sales tax does one dollar generate over its life span?
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Do you have to pay sales tax on Energy Star replacement windows?
with most replacements of any kind things like this always come with a tax. the good part is if it's home improvment jobs it can be a write off on your taxes, especially anything that has to do with energy savings.
Do sales on a profit loss statement include the sales tax?
It shouldn't. Collections of sales tax results in a current liability, as the funds collected are supposed (stressed VERY heavily) to be remitted to the state. Some states give a credit of 1% or so of the collections as compensation for collecting, remitting and reporting sales tax collections, and THAT credit may be lumped into sales if the figure was small enough 0 typically it is. IE: $100 sale 6% tax - total received = $106.00 Debit - Cash $106.00
Credit - Sales Taxes Payable - ($ 6.00)
Credit - Sales ($100.00) Tax collected and paid never hits the income statement, it stays on the balance sheet.
Where can you get a 7 sales tax chart for the State of Georgia?
Call you local Avon Representative. When I sold a Avon. We were given a sales tax guide to make it easy for us to write up the orders. It's been awhile but they may still have them. Your rep could copy it for you.
If you own back taxes can you deduct payment of these taxes or its penalties or interest?
YOU CAN'T GET A REFUND "ESSENTUALLY" MONEY YOU OWE TO THE GOVERNMENT. IF YOU COULD DEDUCT IT THEN (MEANING A BENEFIT/PAYBACK FOR YOURSELF) WHY WOULD YOU BE ASKED TO PAT IT TO BEGIN WITH? To above - because a deducion doesn't equal tax (that is called a tax credit)...following your logic ----if deductions didn't help lower tax...why would any exist? == == == == The Federal tax you pay isn't deductible from your income to then calculate the tax you pay (thats completely circular thinking). You determine your income before Fed tax and pay your tax based on that income. However, State income taxes are deductible from Federal income...so if you pay back State income taxes, you probably can get a refund of the Federal tax you paid on that deductible amount. Again, obviously State income tax isn't deductible in calculating the amount of State income you have to pay tax on.
It makes no difference if you pay the tax on time or late...it isn't deductible from itself.
Penalties are never deductible....it's contrary to public policy that someone should get a benefit from their wrong doing. Again doesn't matter if the penalty is for late filing, or for dealing drugs, or whatever.
Again, interest that isn't on the mortgage for your house, or basically part of a business enterprise, isn't deductible for anyone. Certainly not for paying taxes late or such.
What is 5 percent tax on 1500.00?
75.00
It's 75.00 alright!
The way to get this number is by multiplying 1500.00 * 5 percent ( .05 ).
1500.00
* .05
75.00
In Ohio who has to pay sales tax accelerated payments?
Accelerated payments are due from anyone in Ohio who collect more than $75,000 in sales tax per calendar year. The payments must be made by EFT, and 75 percent of the anticipated sales tax must be paid in advance.
