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What else can I help you with?
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.
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
How do you calculate a price before tax?
Usually the tax is added to the original price, so you can write an equation such as (assuming a 5% tax): p2 = p1 + 0.05 p1 (where p1 is the price before the tax, and p2 is the price after the tax). This can be simplified (applying basic algebra) to: p2 = 1.05 p1 Solving for the original price: p1 = p2 / 1.05 In other words: divide the price after tax by 1.05. If the tax is any other percentage, adjust the factor; for example, for a 7% tax divide by 1.07, for an 8.5% tax divide by 1.085, etc. Note that the factor by which you divide is simply 1 + (tax rate) / 100.
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
Does the retail price include tax?
The retail price may or may not include tax, depending on the store and location. It's important to check the pricing details or ask a store representative to confirm if tax is included in the retail price.
What is one difference between sales tax and excise tax?
Sales tax is a percentage of the sale price of goods and services, applied at the point of sale, while excise tax is a specific tax imposed on particular goods, such as alcohol, tobacco, or gasoline, often included in the price. Sales tax applies broadly to various transactions, whereas excise tax targets specific items and is typically calculated per unit sold rather than as a percentage of the sale price.
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 percentage is the tax?
My price is $140.00 the tax is $3.85 what is the tax %
What is an income tax?
Income tax an amount of tax that is due on your TAXABLE INCOME amount for the tax year.
A tax based on the retail selling or rental price of tangible personal property is called a?
sales tax
Does the MSRP include sales tax?
No, the Manufacturer's Suggested Retail Price (MSRP) does not include sales tax.
How do you find the after tax price received by sellers?
To find the after-tax price received by sellers, you first need to determine the tax amount imposed on the sale. Subtract this tax from the market price of the good or service. The resulting amount represents the price sellers effectively receive after the tax is deducted. For example, if the market price is $100 and a $10 tax is applied, sellers receive $90 after tax.
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.
