Normally they are taxable
Cigarettes, if taken excessively have fatal side effects as well as beer. You could say that they are as dangerous as each other.
The above, while perhaps a possible definition of EBT, is inaccurate. The financial accounting (GAAP) which EBT is one heading for, has NOTHING to do with determing taxable income under Tax Accounting. The person is also confusing taxable sales with the term income. Net Taxable Sales is generally used in the context of Sales Tax. Gross sales = all possible receipts. Exempt sales = receipts that weren't sales taxed (because the item isn't taxable (say food), or the buyer was able to exempt it (as in purchases for resale). This is subtracted from Gross. Returns & Adjustments = adjustments, normally subrtractions, for return sales where tax was refunded. Brings you to net taxable sales = the amount of sales a tax was collected or is due on.
7 AM Beer Sales Resume.
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
The sales tax rate in Pennsylvania is 6 percent and watches are taxable. If you buy a watch sales tax apply. Also watch repair has a tax.
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
Labor is not taxable.
In a sales journal used to record taxable sales, the total of the accounts receivable would equal the sum of all credit sales recorded during the period. This amount reflects the total sales made on credit that have not yet been collected in cash. It is important to note that taxable sales, whether made in cash or on credit, contribute to this total, but only the credit sales impact accounts receivable.
All building supplies are subject to sales tax in states that impose a sales tax.
Multiply the total taxable items times the tax rate expressed as a decimal. For example, if the sales tax rate is 6%, and the taxable items total $25, the sales tax is $1.50 (25 x .06).
When I have to charge sales taxes on freight to customer?
Yes