“Consumer use” tax, on the other hand, is the tax paid directly to the state by the purchaser when the retailer does not charge sales or use tax at the time of the sale.In other words, just because you, as a consumer, don’t have to pay sales tax on a purchase doesn’t mean...
Excise taxes are a type of tax charged for specific goods and services, such as alcohol, tobacco, fuel, and airline tickets.
In a state where the sales tax rate is six percent, the sales tax on a $10 book is 60 cents. The cost of the book to the consumer, after tax, is $10.60. The sales tax base is the total amount paid for all the goods and services subject to the tax. This is known as anad va...
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Consumer law is the group of laws that protect the public at large from unfair and predatory business practices. Consumer laws protect the public from unscrupulous ways of doing business. The area of law requires compliance from the corporations that consumer laws regulate. ...
Consumer excise taxes In most cases, a retailer pays the excise tax directly to the government. However, there are scenarios when an individual might find themselves paying excise tax directly to the government. For example, if an individual contributes too much to an IRA or withdraws funds too...
Consumer surplus is: A. The excess between what consumers are prepared to pay for a good or service, and the prevailing market price B. The indirect tax producers pay on a good or service C. The marginal utility gained by consuming one more unit of a good or service D. The indirect ...
E.The indirect tax consumers pay on a good or service相关知识点: 试题来源: 解析 A Rationale: Consumer surplus is the excess between what consumers are prepared to pay for a good or service and the prevailing market price they have to pay to purchase it.反馈...
The U.S. system with no VAT implies that tax is paid on the value of goods and margin at every stage of the production process. This would translate to a higher amount of total taxes paid, which is carried down to the end consumer in the form of higher costs for goods and services....
A value-added tax (VAT) is a consumption tax that is levied at every stage of production for a good or service at which value has been added. Every business in the production process receives a VAT tax credit for the VAT that has been paid except for the final consumer, who pays the...