acutally that depend on the customhouse , the value is over $80 will pay tax
Should pay tax only on the $ paid i.e. 10,000 vehicle 3,000 trade _________________ 7,000 taxable amount
If you do not want to pay service tax, then you should not obtain services that have a service tax. Service tax is a tax on certain services. The amount of services is increasing.
If you charge tax on the products/services you sell, the customer pays the sales tax and the business passes the tax onto the state/municipality. If the business buys supplies for use in the business (and not for resale) you will pay sales tax and the entire cost of the supplies will be deductible to the business. If you buy the same supplies from out of state and do not pay Nebraska sales tax, you should pay Nebraska use tax and that amount is also deductible to the business. If the business buys supplies that go into making a product for resale, you should not pay sales tax on the purchase of those supplies.
take the amount of the sales tax and divide it by the percent of the tax... i was on that same question on my hw
indirect tax A+
That depends on the tax rate. Usually you would add the tax to the nominal amount (to the 49.99 in this case). Calculate the tax by multiplying the tax rate (divided by 100) by the purchase amount. Then add this to the purchase amount.
Is the amount you delayed to pay for tax in future.
yes and no. If you purchase a used car from a dealer, yes you pay tax. If you purchase the car from a private seller, you don't have to pay sales tax.
According to Directive 04-5, you do not pay sales tax in Massachusetts on shipping or transportation charges.
Yes, there is a sales tax of 6.25% on all purchases. You must provide a bill of sale with the car VIN, the condition of the car, and the purchase price as well as the signature of the seller and buyer. You will then pay taxes on that amount - but Texas does have a min tax value for the car which is ~80% of the value they determine that car should be worth.
It is income and should be reported as such. The percentage is going to depend on your total income for the year.And in some states the purchaser should pay sales tax on the purchase price.
== == The operative word here is SALES TAX. Which is collected when a car is SOLD. If you SOLD the car, then sales tax is due on that sale amount.