Sales tax is calculated

A) based on the number of items purchased.
B) using a percentage of the price of an item.
C) before a sale discount is applied.
D) as a percentage based on federal law.

Respuesta :

Answer:

using a percentage of the price of an item.

Explanation:

Sales tax is calculated (B) using a percentage of the price of an item.

Sales Tax:

  • A sales tax is a fee that is paid to the government when specified goods and services are sold.
  • Typically, laws permit the vendor to charge the customer the tax at the time of purchase.
  • Use taxes are typically used to describe taxes on goods and services that consumers pay directly to a governing authority.
  • The sale and use tax is frequently exempted for some goods and services, including food, education, and medical.
  • A sales tax is similar to a value-added tax (VAT) that is levied on products and services.
  • Key distinctions can be found in the comparison with sales tax.

Therefore, sales tax is calculated (B) using a percentage of the price of an item.

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