sales tax Synonyms
sales tax Meaning
Wordnet
sales tax (n)
a tax based on the cost of the item purchased and collected directly from the buyer
sales tax Sentence Examples
- The sales tax rate in California is 7.25%.
- Customers are responsible for paying sales tax on all taxable purchases.
- Businesses must collect and remit sales tax to the government.
- Sales tax is calculated as a percentage of the purchase price.
- Some items, such as groceries and prescriptions, are exempt from sales tax.
- Businesses must file sales tax returns periodically to report the amount of tax collected.
- Failure to collect or remit sales tax can result in penalties.
- The sales tax rate can vary from one jurisdiction to another.
- Online purchases are subject to sales tax in most states.
- The sales tax system helps generate revenue for local and state governments.
FAQs About the word sales tax
a tax based on the cost of the item purchased and collected directly from the buyer
property tax, tax,income tax, poll tax, withholding tax, hidden tax, single tax, value-added tax, tariff, sin tax
No antonyms found.
The sales tax rate in California is 7.25%.
Customers are responsible for paying sales tax on all taxable purchases.
Businesses must collect and remit sales tax to the government.
Sales tax is calculated as a percentage of the purchase price.
