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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
Is it legal to charge certain voters a poll tax?
No, because it excludes poor people from exercising their right to. Only charging certain people has a discriminatory effect.
From a tax stand point is a residence a good investment?
Generally, yes. The mortgage interest is going to be deductible. On top of that, if you live in the house for 2 years you usually can exclude almost all of the capital gains from tax when you sell the home and use the money for your next home. If you continually sell every 2 years, you can keep cashing in on tax free equity. There are not a lot of investments out there that won't tax you on capital gains.
What is the difference between Turnover tax and VAT?
A value added tax (VAT) is a form of consumption tax. It is collected by VAT-registered traders on their supplies of goods and services effected within the State, for consideration, to their customers. Generally, each such trader in the chain of supply from manufacturer through to retailer charges VAT on his or her sales* and is entitled to deduct from this amount the VAT paid on his or her purchases.
A turnover tax is a tax applied to a product at a specific stage of production, rather than being charged at the point of sale, as with sales taxes. Turnover tax 4% is leviable on those person and organization where turnover amount is less than Tk.20 Lac yearly under See 8 and See 4 Bangladesh VAT Act 1991.
Whensoever, there is a contract between two parties; the Employer and the Contractor then if the contract necessitates that the Employer shall supply part of the materials so that the seller can use the same to carry out, and complete, its work under the contract; we call the said materials "Free-Issue materials".
An affidavit of sale or bill of sale is a document that records a transaction. All parties involved in the transaction must sign this document.
What is the inheritance tax in New Hampshire?
Inheritances passing to the spouse, descendant, or ascendant are not subject to taxes in New Hampshire. Exceptions apply also to charitable organizations. Other bequests are taxable at the 18% rate. The legacies and succession inheritance tax was repealed in 2002 for deaths occurring on or after January 1, 2003.
Do ebt card users in alabama have to pay sales tax?
are taxes charged when buying food with an ebt card
I'm a Oregon resident buying a car in California Do I owe California sales tax?
I just called the California DMV and asked this same question.
To avoid the CA sales tax you need to either; 1. Flat bed the vehicle out of California and then register it in Oregon
or 2. Have the dealer deliver it to you out of the state of California. (I'm thinking of having it delivered just across the border in Ashland.) Essentially, you can not operate the vehicle in California before it gets registered in Oregon. When I asked this question of auto dealerships they were totally confused. You will need to educate them . . . lol.
What is the Arizona statute of limitations on sales tax debt?
I think 10 years. Re: to collect Federal tax and credit cards is 10 years, it seems this would be true for a car loan. * SOL's are established states. Not only do states differ in the time frame for which a lawsuit can be filed against the creditor they also have different SOL's for different type debts. A vehicle is considered secured debt. Generally the time the lender would have to file a lawsuit to recover monies owed would begin from when the car was sold and a deficiency occurred rather than when the account went into default. Keep in mind, zn SOL defense for debt must be presented by the defendant debtor, it is not automatically granted or assumed by the court that the SOL is applicable.
Is their Ontario sales tax on labor?
Yes. If you are self employed you need to collect GST/PST on your services. If you are full time employed there are UI, CPP and other taxes paid. In all cases income tax will need to be paid.
How do you calculate Sales tax in Pakistan?
Sales tax = cost of good + (cost * percentage of tax given)
For example:
You buy a car for Rs.20,000 and pay 5 % in tax. How much is tax?
Tax = 20,000 * 5% = 1000
The cost with tax is 20,000 + 1000 = 21,000
The sale tax is 1000.
Do California Cities pay sales tax?
California cities are exempt from paying taxes themselves. However, many cities in California have a city tax that residents must pay in addition to any other taxes. City tax is often added to the state sales tax.
Do you pay tax on labor in Illinois?
There is currently no state tax on labor in Illinois. But beware legislation being introduced to help make up for the deficit spending currently occurring. The failed gross receipts tax is one example of what they were trying to pass. Check with your local city and county government to see if there are any local service taxes. Currently there are no 2009 year initiatives on service tax (as of 1/9/09)
Do you need a license for Direct Sales?
No absolutely not, direct sales is selling person to person, you probably do it all the time. If you tell a friend about a good movie or a great restaurant and they go to it that is direct sales, weather you get paid or not. Most people know about it as word of mouth advertising. Multi level marketing is usually done this way and can be very profitable because of the lack of overhead that is involved to sell a product.
Does the nslc site include tax in their prices?
The National Sign Language Commission does not charge tax for educational organizations.
What is sales tax rate in Colorado Springs in Colorado?
9/26/2011-The total combined sales & use tax in Colorado Springs, CO is 7.4%.
How much is 229.99 plus tax in New York?
Sales taxes vary. Manhattan is 8.875%
229.99 x 1.08875 = 250.40
If you live in AZ and purchase a RV in Oregon do you have to pay sales taxes for AZ?
Yes and no. When you register the vehicle in Arizona, the Department of Transportation will verify that you paid sales tax at the point of purchase and that it was equal to or more than Arizona would have charged. If that is the case, you will not owe any use tax to Arizona. If it is less than the amount that would have been charged by Arizona, then you will have to make up the difference at the time of registration.
Where in Pennsylvania do you pay 6.5 percent sales tax?
Pennsylvania doesn't have a 6.5 percent sales tax. It is 6.0. You pay the tax on everything except clothing and food.
Sorry no. The state of California does not care where you live normally. if you buy it here you pay state sales tax.
Where does sales tax payable on the balance sheet go?
Sales tax payable is a current liability and is presented on the credit side of the balance sheet-
How much are taxes for hotel room in Memphis Tennessee?
Tennessee state tax is 7%.
Memphis local tax is 2.25%
Memphis lodging tax is 6%.
Total tax for a hotel room in Memphis is 15.25%.
