0
One of the criteria that makes a tax fair
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What was the original sticker price of a 1992 mercedes-benz 500sl?
Suggested Retail price 97,500 Gas Guzzler Tax 2,100 Transport 350 Total Suggested Retail 99,950
How find out the price with tax?
Find out the sales tax in your area. The Federal Tax Administration has the sales tax for every city and state on file. Visit their website for your sales tax.2To compute sales tax, it is helpful to have a calculator. If you do not have a calculator, most cell phones come equipped with them.3Remember, sales tax is computed as a percentage. For example, a 6.25% sales tax means you are paying 6.25 cents in tax for every dollar you spend.4Take the retail price of the item, or items, you are about to purchase and multiply it by one and the sales tax percentage. For instance, if an item costs 49.99 and your local sales tax was 6.25%, you would multiply 49.99 by 1.0625. Adding the one to the beginning of the percentage adds the sales tax onto the price automatically.5Be sure you know the sales tax in your city, not just the state's sales tax. The city you live in no doubt has a higher tax rate than the state.6For multiple items, simply add up the prices and multiply the subtotal by the one and the sales tax.See related link below for more help
What are five ways people use percentages?
If you have money in the bank you get a certain percentage interest. If you borrow money you have to pay a certain percentage extra back. If you buy a product a percentage of the price is tax. When you earn money you pay a percentage in tax. The government knows what percentage of the population are unemployed.
Who discovered the percents?
It was a tax imposed in Roman times in the markets as a 'sales tax'
What is the final price of a 152 item after 6 percent tax is added?
Price of item without adding tax=152 Percentage of tax to be added=6% To find the final price= 152+ 6%of 152 152+912/100 152+9.12 161.12 Hence the final price of the item is 161.12
Can Percentage tax and Excise tax be imposed simultaneously?
tax return
is the sales tax based on the actual sales price?
In a way, yes. It is a tax imposed in the sales you make and an amount of tax (a percentage of the amount you charge the customer for the item or service) on this has to be paid to the government.
A tax on retail products based on a set percentage retail cost is called?
sales tax
What is the difference between sales tax and value added tax?
Sales tax is a consumer tax charged on a retail purchase only, as a percentage of the total value of goods or services. The Value Added Tax is a form of indirect tax that is imposed at the different stages of production of goods and services. The tax is paid at each step of the distribution, from manufacturer to distributor to warehouser to retailer to customer. The company or agent is taxed on the difference between their cost and their resale price.
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
What percentage is the tax?
My price is $140.00 the tax is $3.85 what is the tax %
A tax based on the retail selling or rental price of tangible personal property is called a?
sales tax
What is object of vat?
It is assumed that the objective of value added Tax is to replace a complex sales tax regime with a simpler tax a percentage imposed on all goods sold.
What is the objectives of vat?
It is assumed that the objective of value added Tax is to replace a complex sales tax regime with a simpler tax a percentage imposed on all goods sold.
What percentage will be Tax on gold price for 10000?
Depends on which country you are in.
What percentage of the car price is the tax Illustrative mathematic?
Marriage
What is CT sales tax?
CT Sales Tax is an indirect Excise tax imposed upon the "privilege" of "retailers" selling goods and services at "retail" Sec. 12-408. The sales tax. (1) Imposition and rate of sales tax. (A) For the privilege of making any sales, as defined in subdivision (2) of subsection (a) of section 12-407, at retail, in this state for a consideration, a tax is hereby imposed on all retailers at the rate of six and thirty-five-hundredths per cent of the gross receipts of any retailer from the sale of all tangible personal property sold at retail or from the rendering of any services constituting a sale
