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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.

Asked in Food & Cooking, Sales Tax

Does the nslc site include tax in their prices?

The National Sign Language Commission does not charge tax for educational organizations. ...
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Asked in Taxes and Tax Preparation, Sales Tax, Accounts Receivable

How do you journalize a sales tax payable?

Since you are using a "payable" account we do "not" touch cash until the actual payment is made. We however still know we need a debit and a credit for this transcation. To put this in our journal we will Debit Sales Tax Expense (check your company for exact account name) Credit Sales Tax Payable (again check your company for account name) Once you pay your taxes then you have to adjust these entries to reflect payment. In order to do that, we again...
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Asked in Computer Buying, Taxes and Tax Preparation, Sales Tax

What is the reason the city collect's sales tax?

For city maintenance, Streets, Buildings, Police pay, Electric, water, gas, city parks and misc. properties, Lets Audit them and see how much of the funds get wasted, I bet if you wasted as much as any Government (I.E. City, County, State, Federal) Your competition would put you out of buiseness in A hot minute.,,,,,,,,,,,,,,,,,, In other words your service costs would be so freegin high that your competition would get ALL the customers. ...
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Asked in Car Selling, Used Car Buying, Taxes and Tax Preparation, Sales Tax

Do you have to pay sales tax if you buy a used car from a non-car selling business in California?

Here are opinions and friendus from FAQ Farmers: * There are probably different laws in different states, but in Kansas you show the sales tax receipt when you register the vehicle. If you did not pay sales tax to the seller, the county clerk will collect it then. * No. The BUYER probably will. * I believe that in most states when you go to register the car as the buyer you will pay sales tax on the purchase price equal...
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Asked in Car Selling, Taxes and Tax Preparation, Sales Tax

Do you have to pay taxes when selling a car?

The taxes will be payed with the new owner because it is now his responsibility. In virtually all states, the laws governing sales tax on vehicles is different than those on other items of personal property. For example, only sales from one registered auto dealer to another are exempt - and the normal exemption forms used between licensed sales tax vendors are not able to be used.The government does not ever want anyone to collect sales tax that isn't licensed to do so....
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Asked in Credit and Debit Cards, Taxes and Tax Preparation, Sales Tax

Can you charge taxes on haircut?

Generally there are no taxes on a service. There was a time that the aboe was a good generalization. No longer! While it depends on the State, over the last ecade many f not most have started some form of taxes on services and personal services (as compared to professional services) are generally targeted. ...
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Asked in Sales Tax, Hyderabad, Mumbai

What is CST rate without c form in maharashtra?

Local VAT rate as applicable to particur Goods
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Asked in Sales Tax, Alexander Hamilton, Whiskey Rebellion

What was the Whiskey Rebellion?

The Whiskey Rebellion was a citizen revolt against a 1791 tax on whiskey. The reaction to the 1794 uprising in Pennsylvania demonstrated the determination of the US to enforce Federal laws. The militias of several states, under the personal command of President George Washington, were used to end the insurrection. The tax on whiskey was bitterly and fiercely opposed by the settlers on the frontier from the day it was passed. Western farmers considered it to be both unfair and discriminatory, since they...
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Asked in Taxes and Tax Preparation, Sales Tax

Shop without paying sales tax in US?

No, in most states you are required to pay sales or use taxes on your purchases based upon where you live, not on where you buy things. If an item is tax-exempt where you live, and you purchase by phone, mail, online or by traveling out of state to buy it and bring it back, then it is tax-exempt in your home state. However, regardless of where you buy something, if it is taxable in your state of residence and you bring...
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Asked in Sales Tax

How much would sales tax be for eight dollars?

It depends upon what state you're in and what the item is. Some states have different rates for purchases of food or lodgings versus household goods and many states have various exemptions, such as medical supplies or safety equipment. Also, a few states have no general sales tax at all, and tax would only apply to specific transactions or types of goods (e.g., gasoline, alcohol, cigarettes, vehicles, prepared foods). ...
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Asked in Taxes and Tax Preparation, Sales Tax, Tax Audits

What do you mean by direct tax and indirect tax give suitable examples also?

A direct tax is tax paid directly to the Government, by a person whom the tax is imposed on. An indirect tax is paid indirectly to the Government, trough a third party. A direct tax would be taxes like income taxes, where a person must personally pay a certain amount to the government. Indirect taxes are taxes such as property, social security, and sales tax, where there price of tax is either deducted from wages or added onto the payment of an...
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Asked in Vehicle Titles, Used Car Buying, Sales Tax

How do you calculate tax tag and title for a new car?

In buying a car the tag and title are a set price set forth by the state with a very small difference based on the person doing the notary work. Find out what that dealership charges. In most places tag and title are around 100 dollars. As for the tax, it will vary by state. Pa is .06. So to figure out tax for a car say 1000 dollars. Just use simple math. 1000 X 1.06. Or 1000 x .06...
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Asked in Used Car Buying, Taxes and Tax Preparation, Sales Tax

Can the dealer add their doc fee deputy fee and dealer inventory tax to the sales price in Texas?

Here is another tip. This one is from a peer-reviewed article. Pass Through of Tax--tax inventory fee While VIT is actually one component of the dealer's ad valorem tax, state law allows dealers to pass on to retail buyers the unit tax attributable to that sale. The charge on a retail contract for the tax should be disclosed as "dealer inventory tax" and not misrepresented as a charge required by law or as the "buyer's inventory tax." While the VIT charge can be...
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Asked in Sales Tax

Do you pay sales tax on wholesale purchases?

No the tax is paid by the end user. In California, you have the option of paying sales tax at the time of the wholesale purchase or keeping records of all your purchases and paying taxes once a year. This pay as you purchase method is used by many contractors when buying material and supplies at a wholesale supply company. ...
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Asked in Used Car Buying, Taxes and Tax Preparation, Sales Tax

If you are buying a car from a private seller do you pay them sales tax?

It depends on the state laws for the state the transaction takes place in. There will be fees required at the DMV office.Registration and licensing. There may also be a requirement also in some States, requiring a smog certification, which will have to be conducted. ...
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Asked in Used Car Buying, Taxes and Tax Preparation, Sales Tax

Is there sales tax on clothing in Texas?

Yes there is sales tax on clothing in Texas.
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Asked in Used Car Buying, Taxes and Tax Preparation, Sales Tax

If your wife gives you her old car do you have to pay any tax when you get your plates?

You shouldn't need plates if your wife gave you the car. I'm a little confused by your question. If you don't get a good answer, resubmit it with more details. probably not, but you'll find out when you go to register it. ...
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Asked in Repossession, Used Car Buying, Sales Tax

Should you pay taxes if you had the car for less than a month and the dealer still hasn't transferred the title?

Don't see why you should. Until you get the title, it's not your car. How would the state even know that you owe taxes if you haven't taken the title to the courthouse to register the car? ...
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Asked in Sales Tax

How much is 79.99 plus tax?

That depends on the tax rate.
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