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What is an example of taxes?
There are numerous examples of taxes. 1. Sales tax. If you buy products in a store, you are charged an extra percentage of what you purchased. If you buy a 99 cent item and get charged $1.06, that extra 7 cents is called sales tax. 2. Income tax. That is part of what your boss takes out of your paycheck. They also take out FICA (Social Security), sometimes insurance, and other things. 3. Luxury taxes. These are extra taxes you pay on certain luxury items. 4. "Sin taxes." These are extra taxes on items that are deemed unhealthy or bad for society. For instance, this is partly why cigarettes are so high. 5. Property taxes. These are taxes you pay each year to the county and/or state just for owning a house, vehicles, and/or land.
Do you still have to pay taxes Buying out your leased car?
Each state sets its own rules about sales taxes.
How much per carton with taxes?
If you mean cigarettes, that will depend on the brand and where you purchase them. the tax is different in each state.
Who pays the police?
the city in which they work in. Essentially it is the taxes from a paycheck or the taxes from a local store that are charged to each individual that make up the majority of their pay.
What is the Florida sales tax on liquor?
The sales tax on liquor in Florida is $6.50 per gallon liquor. In the United States of America each state has a different tax on alcohol or cigarettes.
When are taxes do?
Federal income taxes are due April 15 of the following year.Most state income taxes are due the same day, but check with your state.Other taxes such as property taxes, estimated taxes, sales taxes, etc. each have their own due date.
Why might wealthy people oppose income taxes and poor people oppose sales taxes?
Each opposes the tax that would have the greatest effect on them.
What is the tax on on dollar in Arizona?
The Arizona sales tax rate is 5.6%. There is also a gas tax which is $0.18 a gallon in 2014 along with property taxes and vehicle taxes.
How much cartons of Newport cigarettes come in the box?
A standard carton of Newport cigarettes typically contains 10 packs, with each pack usually holding 20 cigarettes. Therefore, a carton contains a total of 200 cigarettes. This packaging is consistent with most cigarette brands, making it a common format for retail sales.
What is the difference between gross sales and net sales when reporting taxes?
Gross sales is how much money came in. (Let's say I sold 100 widgets at $10 each, my gross sales would be $1,000) Net sales is the profit after expenses (let's say I bought those 100 widgets from a manufacturer at $ 8 each. My profit per widget was only $2, so my net sales would be $200) In most areas, taxes are based on net sales, rather than gross sales.
What are types of State taxes in the United States?
In the United States, States have taxes on a number of items. Below is a list of taxes that States have created. Not all States have all the taxes listed: * personal income; * sales taxes; * corporate taxes; * gasoline taxes; and * property taxes.
The difference between direct taxs and indirect taxs and give examples of each?
The difference between direct taxes and indirect taxes with examples is that direct taxes come directly from a person's income or personal property taxes. Indirect taxes comes from sales and excise taxes.
