Excise tax and a general sales tax

Assignment Help Accounting Basics
Reference no: EM13987608

What is the difference between an excise tax and a general sales tax?

Do all states impose a general sales tax?

Does the Federal government impose a general sales tax?

Reference no: EM13987608

Questions Cloud

Determine the amount of charge q on each ball : If the balls are far enough apart to behave more or less like equal point charges, then Fcoul should be given by Fcoul = kq2/R2. Write an equation that can be used to determine the amount of charge, q, on each ball as a function of m, R, and L as ..
What tracking mechanisms are in place : Which governmental agency oversees the operation of the Port of Savannah?
Discussing the home computer : During a social event, Muriel and Earl are discussing the home computer each recently purchased. Although the computers are identical makes and models, Muriel is surprised to learn that she paid a sales tax, while Earl did not. Comment as to why th..
Different state than jackson county : The Grays live in Clay County, which is adjacent to Jackson County. Although the retail stores in both counties are comparable, the Grays usually drive a few extra miles to shop in Jackson County. As to why the Grays might do this, consider the fo..
Excise tax and a general sales tax : What is the difference between an excise tax and a general sales tax? Do all states impose a general sales tax?
Explanation for the excess amounts : After his first business trip to a major city, Herman is alarmed when he reviews his credit card receipts. Both the hotel bill and the car rental charge are in excess of the price he was quoted. Was Herman overcharged, or is there an explanation fo..
Breadth and number of federal excise taxes : Is the breadth and number of Federal excise taxes increasing or decreasing? Explain.
What is the bandgap in joules : A semiconductor has a bandgap of 1.5 eV. What is the bandgap in Joules? A semiconductor has a bandgap of 5 X 10-19J. What is the bandgap in eV?
Problem regarding the same residential subdivision : Sophia lives several blocks from her parents in the same residential subdivision. Sophia is surprised to learn that her ad valorem property taxes for the year were raised, while those of her parents were lowered. What is a possible explanation for ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What will be the effect on budget tax services profit if it

budget tax service inc. prepares tax returns for small businesses. the cost of preparing 800 tax returns in the prior

  A manufacturing company uses a job order costing account

a manufacturing company uses a job order costing account system. overhead is applied using pounds of direct materials

  Products using the relative sales value to split off

Allocate joint costs to the two products using the relative sales value to split off as the allocation basis.

  Asume that you are elevating the efficiency of lamprinos

assume that you are elevating the efficiency of lamprinos bill-paying procedures. which accounting method - net cost

  Spot new products and services

Most successful businesses are focused on existing markets and may not have the vision to spot new products and services. Respond to the following in a 250 -300 word post: Is this happening where you work?

  Miss nazia is the owner of a business entity with a capital

miss. nazia is the owner of a business entity with a capital of rs. 10 million. she has introduced her own brand of

  Choose two models of organizational performance and compare

choose two models of organizational performance and compare and contrast them by evaluating their differences and

  What is the predetermined overhead rate

What is the predetermined overhead rate?

  Determining the break even point

Hess, Inc. sells a single product with a contribution margin of $12 per unit and fixed costs of $74,400 and sales for the current year of $100,000. How much is Hess's break even point.

  On february 1 2012 pat weaver inc pwi issued 8 1200000

on february 1 2012 pat weaver inc. pwi issued 8 1200000 bonds for 1500000. pwi retired all of these bonds on january 1

  Determine equivalent units in process for direct materials

Determine the equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory.

  Evaluate the alternatives from the perspective of amber

Amber, a publicly held corporation (not a TARP recipient), currently pays its president an annual salary of $900,000. In addition, it contributes $20,000 annually to a defined contribution pension plan for him.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd