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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

What are the qualifications in South Carolina for an agricultural sales tax exemption?

(4) livestock. "Livestock" is defined as domesticated animals customarily raised on South Carolina farms for use primarily as beasts of burden, or food, and certain mammals when raised for their pelts or fur. Animals such as dogs, cats, reptiles, fowls (except baby chicks and poults), and animals of a wild nature, are not considered livestock; (5) feed used for the production and maintenance of poultry and livestock; (6) insecticides, chemicals, fertilizers, soil conditioners, seeds, or seedlings, or nursery stock, used solely in the production for sale of farm, dairy, grove, vineyard, or garden products or in the cultivation of poultry or livestock feed; (7) containers and labels used in: (a) preparing agricultural, dairy, grove, or garden products for sale (c) fuels used in farm machinery and farm tractors; (16) farm machinery and their replacement parts and attachments, used in planting, cultivating or harvesting farm crops, including bulk coolers (farm dairy tanks) used in the production and preservation of milk on dairy farms, and machines used in the production of poultry and poultry products on poultry farms, when such products are sold in the original state of production or preparation for sale. This exemption does not include automobiles or trucks;

If the price of a 21 pair of jeans is reduced by one-third how much tax must be paid on the jeans in a state that has 3 sales tax?

If the item is taxable (and clothing in many places isn't), the discount is normally handled like this: If it provided by the retailer...the one your buying it from..as in $21 jeans on sale for $15 - the tax is on the sale amount of $15. If it is actually provided by the manufacturer... as in $21 jeans with manufacturer rebate now $15 - the tax is on the entire $21. (The manufacturer is paying the retailer the additional $6 for you....but the sale is really a $21 sale. Just apply the tax rate to the correct sales price (agreeably there may be some rounding for a 1c or so).

If you buy 2 pairs of shoes for 50.92 each and the register multiplies the total by 1.07 to find the total cost including tax What change do you get if you pay 200 dollars?

The two pair of shoes cost 2 x 50.92 = 101.84

The tax is 7% (multiplication is 1.07 of the total) = 101.84 x 1.07 = 108.9688

This rounds up to 108.97, and 200.00 - 108.97 = $ 91.03 in change.

You are a Canadian Can you get a refund on sales taxes on goods you bought on a recent trip to Florida?

That is something that Canada does because of the wildly high taxes you have. They give Americans back their GST for items that Americans buy in Canada.

Florida's taxes are far less then the taxes up in your area so their is no need to reduce them.

If we had 15% sales tax on all items here, no one would visit the USA either. That was the fear that Canada had when they said tehy would only zap Canadian's with that oppressive GST tax. Probably true as I would stop buying their if I paid the GST tax.

Do you pay sales tax at lease signing?

In Nebraska sales tax is on the payment so you dont pay the tax upfront like on a "buy" you would pay the sales tax each month i.e. pmt $300 tax 7%=$21.00 your pmt $321.00 with no up front tax

What is the value of a 1909 Winchester scope?

What model is it and what condition is it in? What are all the markings on the outside of the tube? i have a small collection of old scopes and I have some references if you want to e-mail me pictures. My e-mail address is Soper@earthlink.net

Your car was repossessed years ago and you don't have info on the auction sale and how much it was sold for are you allowed a copy of that information from the creditors?

Yes The lender has to provide you with this info.You should demand it from them. The lender is required to provide this only if requested in writing by the debtor.

In what states do insurance companies pay sales tax on replacement cars?

states vary, kansas for instance, in a total loss incident, will pay the owner direct the sales tax....missouri issues a ''sales tax affidavit'' that is good for six months....and the amount is NOT for the ''replacement car'' but the acv (actual cash value) of the totaled vehicle.....

Do you need to pay state sales taxes when you buy a house as in the case when one buys a new car from a dealership?

Answer

Yes, there are taxes involved in the sale and transferral of real estate. These tax are often in different form from sales tax. Handled at closing, these taxes, called "doc stamps" are part of the real estate transaction. There are other taxes, like impact fees. All of these fees should be listed on the real estate settlement sheet and explained by an attorney or a title agency, at closing.

Your letter states you can buy back the car anytime before it's sale you have not received anything stating it was sold and was told it was past your legal sale date which is correct?

They told you that you could buy it back before it was sold. Did you attempt to buy it back? If not, what is you complaint? You think they are going to wait on you? They do not have to tell you anything more than they did. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment. Remember this repossession will stay on your credit for 7 years.

Does the seller of a repoed car has to tell of the sale of the car in the state of NJ?

To whom it may concern: Im not a resident of N.J. but I have repoed in mich.,ohio,and tenn. and there all supposed to do this so I would assume so does N.J. but call a local attorney to be for sure good luck.

Do you pay taxes on a settlement from your last employer?

IRS regulations can be very complicated, these type cases usually need to be addressed on an individual basis. In general if the monies replace taxable income then the entire amount is subject to taxation. If it is a personal injury award taxes could be owed on a portion or the entire amount depending on the circumstances. The best and safest option would be to consult a CPA or attorney who is versed in tax codes * Interestingly, I have been doing a lot of research on the rules for this, especially how to report and if or what portion is to be withheld), for some employers. Certainly, any specific type of payment can get involved with many things (especially payments as part of pensions, or early returements, etc.). However, if I can make a broad but yet almost always true generalization: If the payment is from a current or EX employer, to a current of EX employee, the IRS requires it to be reported by a W-2 (for FICA purposes if nothing else), or 1099, with proper identification as to type. Following that as the recepient should give you the right result.

Buy car in California from use car dealer will register in Nevada where do you pay sale tax?

IN some states yes, the purchaser must pay a sales tax to the vehicle registration office. Call your local vehicle registration office and ask this question in your area. They will gladly tell you the answer, and if they do charge, ask them how they calculate the fee.

What is sales tax rate in Queens New York?

Purchases above $110 are subject to a 4.5% NYC Sales Tax and a 4% NY State Sales Tax. The City Sales Tax rate is 4.5%, NY State Sales and Use Tax is 4% and the Metropolitan Commuter Transportation District surcharge of 0.375% for a total Sales and Use Tax of 8.875 percent.

What is the sales tax in Tampa Fl?

7% when this post was written. 'Sources and related links' below has the latest rate.

How much is auto sales tax in Fort Worth texas?

City of Fort Worth Tax Rates at time of this post (see 'Sources and related links' below for the latest rate):

  • Sales Tax: 8.25%
    • 1% to city
    • 0.5% to The T
    • 0.5% to the Crime District
    • 6.25% to the State of Texas
  • Property Tax Rate: 0.8550 per $100 of valuation