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What tax is paid by businesses only?
sales tax sales tax!
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
Percent of sales tax for 1075 and sales tax is 43?
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
Does Montana charge sales tax?
yes Montana has sales tax. there tax is 8.7 sales tax. NO, Montana does NOT have a Sales Tax. Or, to put it another way, there is a 0.0% sales tax. I have lived here for years...I don't pay a sales tax. Whoever said yes, must not live in Montana.
How do you post sales tax payable as journal entry?
debit sales tax expensecredit sales tax payable
What tax is paid by businesses only?
sales tax sales tax!
Where does the sales tax money go?
My Back Pocket.
Do you pay sales tax at the car dealership when you buy a used car or do you have to go to the dmv?
As with any sales business, the car dealer must collect the sales tax.
When buying car sales tax go buy the city you live in?
Sales tax is generally paid to the county or city in which you register the vehicle.
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-
A tax on things you by?
Sales tax, of course.
How do you Gross up sales tax?
Sales Tax / Sales Tax Rate = Gross Sale
Vehicle Sales Tax Question you live in Arizona and im buying a truck in California what stat do you pay in?
You pay the sales tax when you go into the DMV to register the vehicle. In this case you would be paying the Arizona sales tax. I purchased a car from Colorado and registered it in Califonia and payed California sales tax.
Juan's purchase before sales tax was added totaled 46.00 The total including tax was 48.76 What was the sales tax rate?
Total with sales tax $48.76 minus total without sales tax $46.00 = sales tax $2.76. Sales tax $2.76 divided by purchase $46.00 = sales tax rate 6%.
Percent of sales tax for 1075 and sales tax is 43?
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
Which is an example of a sales tax?
Sales taxes are a tax placed on a finished product. Sales taxes are generally exempt on raw materials or even on parts or materials that go into a product. The sales tax is owed on the finished product so that it will be at the highest amount. For instance, a company will not pay sales tax when they purchase steel to form the outside of a icebox, compressors imported to go into the icebox, the racks made in a nearby plant, or the plastic for interiors of the icebox. They are then all assembled and sold to retailers all over the country and no sales tax is paid on these sales. The final sale when you purchase it at the retail establishment is when the sales tax is calculated and paid.
Does minnesota charge sales tax on labor?
No, you do not pay sales tax on labor. Sales tax is for materials.
