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indirect tax

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Q: A disposal fee for old tires that is paid when new tires are purchased?
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What type of tax is a disposal fee for old tires that is paid when new tires are purchased?

This is called an indirect tax because the fee is not paid on the new purchase but has the same effect as if it were.


What is the accounting journal entry to record audit fees?

If paid in cash use the following accounts: A debit to Audit Fee Expense A credit to Cash If the fee is going to be paid at a later date use the following accounts: Debit to Audit fee expense Credit to Audit fee payable Once the fee is paid then we use the following accounts Debit to Audit fee payable Credit to Cash a/c


Is software considered a fixed asset?

if software is purchased and price is paid at once and used for many years then it is fixed asset but if you purchase a software and after that every year you need to renew the license of using that software then this lisence cost is current asset and price paid for purchasing software is fixed asset. For Example: software purchased for $1000 and lisence renew fee for every year is $100 then $1000 is fixed asset and $100 is current asset or revenue asset.


Does the executor's fee come off the top of the estate?

The decedent's debts, the costs of administration and the executor's fee must be paid by the estate prior to the distribution of any assets.


Can I charge my customers a fee for using a credit card to pay on their account?

Yes, you can do that by adding the fee in your selling price. Therefore your cost is covered every time you make a sale whether paid by cash or credit card.

Related questions

What type of tax is a disposal fee for new tires that is paid when new tires are purchased?

Indirect Tax


What type of tax is a disposal fee for old tires that is paid when new tires are purchased?

This is called an indirect tax because the fee is not paid on the new purchase but has the same effect as if it were.


What type of tax is a disposal fee for old tires that is paid when new tires are purchase?

This is called an indirect tax because the fee is not paid on the new purchase but has the same effect as if it were.


Why am I charged a disposal fee when I purchase tires?

Because they are throwing away your old tires for you.


Do you have to pay taxes with oil change coupons?

Yes you will. If there is some state fee that has to be paid for the disposal of the oil, you will still in fact have to pay for that.


What is the typical disposal fee if I leave my old tire at a tire repair shop in NY?

In the state of New York, a $2.50 charge is added to the price of each new tire to cover the cost of disposing of the old tires. The law requiring the fee is due to expire at the end of 2010. Many legislators support the extension of the fee, which has been used to clean up about 80% of 34 million spent tires that had been piling up in dump sites throughout the state. NY generates millions of used tires annually. The disposal fee for old tires in NY typically can range from $0.50 to $2.00 per tire, depending on the repair shop.


What are the laws regarding disposal of used tires?

Laws regarding disposal of used tires vary by location, but generally, it is illegal to dump tires in landfills or dispose of them in a way that harms the environment. Many areas require proper recycling or disposal of tires through designated facilities or programs to prevent pollution and encourage reuse. Violating these laws can result in fines or penalties.


Why do we have to paid a fee for this information?

“Why do we have to paid a fee for this information?”


A fee paid for a service?

a fee paid is a ---> toll


How much does it cost to balance tires?

walmart $5 a tire Another Answer That depends on where you purchased the tires. Many places include free lifetime tire balance when you purchase tires from them. Other places will soak you for quite a large fee for mount and balance when you either purchase the tires or have them changed. Caveat Emptor


How does a Library get paid?

they get paid from the membership fee, though if you are not a member, the fee of the rent


What does Les Schwab charge for tire disposal fee?

free