How to Separate Sales Tax From Total?

Answer Knowing how much you pay in sales taxes may help you save money on your federal income taxes. If you plan to itemize your income taxes, you may want to separate the sales taxes from your total purc... Read More »

Top Q&A For: How to Separate Sales Tax From Total

How to Calculate Sales Tax From the Total?

Sales tax is a tax imposed on purchases of goods. In some states, such as Alabama, all purchases except prescription drugs are subject to the sales tax. Other states also exempt food and nonprescri... Read More »

What is the computer industry total sales?

Computer industry sales are worth hundreds of billions of dollars. Worldwide computer revenues were projected to be $300 billion in 2010, with U.S. computer sales projected to top $75.4 billion in ... Read More »

Is sales tax owed on leased vehicle declared a total loss in Texas?

Sales tax is applied at the point of sale when you make your purchase. They have nothing to do with a loss that occurs at a later time. So if you never paid those sales taxes then you would still o... Read More »

Are separate certificates of deposit equivalent to separate IRAs?

Opening separate certificates of deposit equates to having separate IRAs. You can deposit up to $5,000 of after-tax income annually in each certificate of deposit (CD). If you are 50 or older, the ... Read More »