Which Terms Best Describe Sales Tax

- April 14, 2022

Tangible Personal Property. 1 See answer ivanmendoza is waiting.

It S Pay Back Time We Are Reimbursing Your Sales Tax In July For Orders Made And Paid For During July 8 2019 July 31 2019 R Tax Day Sales Tax Us Tax

Check all that apply Direct Indirect Regressive Progressive Proportional.

. Check all that apply. A sales tax is a type of progressive tax. Ivanmendoza ivanmendoza 02202018 Social Studies College answered Which term best describes sales tax.

Which terms best describe sales tax. The measure of the tax is retail sales price of the goods sold. A n _____ tax is defined as the reduced before-tax return that a tax-favored asset produces because of its tax-advantaged status.

The constitution gives the US. Check all that apply. Taxable Income Tax Rate Up to 5000 10 From 5000 to 30000 15 From 30000 to 130000 20 Over 130000 25 Which of the following terms best describes the above tax brackets.

Which terms best describe sales tax. Sales taxes can be referred to as retail excise privilege use. On may 1 it sold 1400 of merchandise on credit.

Sets with similar terms. What gives the US government the power to collect taxes. No government services could create inflation which decreases the purchasing power of consumers.

Sales tax is an additional amount of money we pay based on a percentage of the selling price of goods and services that we purchase. Expert answeredKevinWagnerPoints 9166 Log in for more information. Terms in this set which terms best describe sales tax.

Answered by wiki 09062021. In general all tangible personal property is subject to sales tax unless the state specifically excludes it from tax. This money is charged and goes to state and local governments.

This tax is both Indirect and Regressive in natureSales Tax is indirect because it is. Check all that apply. Which terms best describe sales tax.

Jack has 1000 to invest. High government expenditures can lead to a bigger. If expansionary taxation policies encourage growth are they always appropriate to implement.

Which best describes Income tax. Government the right to collect taxes. He has a choice between municipal bonds w an interest rate of 4 or corporate bonds w an interest rate of 6.

Paid to state or local governments based on the assessed value of property. Direct indirect regressive progressive proportional. Which best describes Property tax.

Any property that is perceptible to the senses. A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase.

Asked 343 days ago4212021 81825 PM. The answer is Sales Tax can be described as Indirect and Regressive. Check all that apply.

Which terms best describe sales tax check all that apply ANSWER. To ensure that manufacturers who obtained the exemption adhere to all the terms stipulated a sales tax officer would from time to time inspect records and usage of the exempted sales tax goods. A sales tax is a consumption tax imposed by the government on the sale of goods and services.

Terms in this set 39 Why do we pay taxes. Which terms best describe sales tax. A conventional sales tax is levied at the.

The Sales Tax is a tax which is imposed by the government on the sale of products and services. Indirect and regressive best describe sales tax. To raise money for the government.

It is indirect because the retribution that the consumer is going pay is collected by the seller who acts as an intermediary between the people and the government and then is handed to the government contrary to the direct type in which the taxation amount. When a tax on goods or services is paid to a governing body directly by a consumer it is usually called a use tax. Which best describes how expansionary policies can facilitate economic growth.

Indirect and regressive best describe sales tax. The Constitution Laws passed by Congress An executive order Common law. Which best describes Sales tax.

In other states the sales tax is known as an excise tax and is imposed directly on the sales price of the property. Click here to get an answer to your question which term best describes sales tax. Jack has a marginal tax rate of 25.

Which terms best describe sales tax. They increase disposable income. The answer is Sales Tax can be described as Indirect and Regressive.

Paid to state and local governments on purchased goods and services. It is indirect because the retribution that the consumer is going pay is collected by the seller who acts as an intermediary between the people and the government and then is handed to the government contrary to the direct type in which the taxation amount goes directly into the. Direct indirect regressive progressive proportional Weegy.

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