How do you define sales tax?

Answer Sales tax is a levy added to the sale of material goods and services in the form of a percentage of the purchase price. The U.S. Treasury Department identifies common goods in which sales tax appl... Read More »

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Define Retail Sales As an Economic Indicator?

Retail sales represent an important component of overall economic output. Consequently, retail sales figures stand as a significant economic indicator. Every month, the government releases a report... Read More »

What month did North RAvenwood Store have the highest sales for product and installation sales?

In what month did the North Ravenwood store have the highest sales for product and installation salesRead the chart that is provided. I believe the answer is June.

What percentage of sales do property owners get of vending machine sales?

Property owners usually get 15 to 33 percent of sales from vending machines placed on their property depending on the popularity of the location. High traffic locations usually are more attractive ... Read More »

Do you need a sales tax license to pay sales tax for being a craft vendor in Illinois?

According to the Illinois Admin. Code, Section 130.701, any person selling tangible personal property for retail , which includes crafts, must have a certificate of registration with the Illinois D... Read More »