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Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
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∙ 14y ago
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What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
What is input tax?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
What is deemed sales?
Deemed sales are those which are not really "sales" but have been deemed as sales. For instance, leasing and hire purchase transaction, works contract, transfer of right to use goods are instances of deemed sales that are taxed under the Sales Tax Act.
Can services charges be taxed?
Sales tax I presume...which changes from state to state. However, most States now have a fairly inclusive sales tax on services (not all, but most).
What is taxed by sales tax?
the customer of the purchased item is taxed by sales tax.
Are items on sale taxed at the original price or the sales price?
Items that you buy are taxed on the actual amount that you paid for them.
What is the highest taxed state in the union?
The answer is Califonia, which the sales tax is 7.25% of the subtotal.
How does sales tax affect the consumer's budget line?
it raises the price of the good being taxed by that tax rate per unit of the good taxed
Who generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
How generally bears most of a sales tax when the demand for the good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand for a good taxed is inelastic?
the consumer
Who generally bears most of a sales tax when the demand of the good taxed is inelastic?
the consumer
What is input tax?
Your taxable sales only-those from in state buyers who you charged sales tax. (If you do.)
What is deemed sales?
Deemed sales are those which are not really "sales" but have been deemed as sales. For instance, leasing and hire purchase transaction, works contract, transfer of right to use goods are instances of deemed sales that are taxed under the Sales Tax Act.
If joint account with adult son will large deposit by you be taxed if he uses it to make a home loan down payment?
Money is taxed when you earned, not when you put it in the bank. Only the interest earned on the deposit would be taxed. When you buy a house there is no sales tax at this time.
One of the basic rights in the Magna Carta which was central to America's democracy is?
No taxation without input from those being taxed
