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  2. How To Calculate Sales Tax: A Step-by-Step Guide - AOL

    www.aol.com/calculate-sales-tax-step-step...

    Use this sales tax formula: sales tax = list price x sales tax rate (as a decimal). For example, Sarah is purchasing a refrigerator. The refrigerator is on sale for $1,200 and her sales tax rate ...

  3. Sales tax - Wikipedia

    en.wikipedia.org/wiki/Sales_tax

    Wholesale sales tax, a tax on sales of wholesale of tangible personal property when in a form packaged and labeled ready for shipment or delivery to final users and consumers; Retail sales tax, a tax on sales of retail of tangible personal property to final consumers and industrial users [3] Gross receipts taxes, levied on all sales of a ...

  4. Inverse demand function - Wikipedia

    en.wikipedia.org/wiki/Inverse_demand_function

    There is a close relationship between any inverse demand function for a linear demand equation and the marginal revenue function. For any linear demand function with an inverse demand equation of the form P = a - bQ, the marginal revenue function has the form MR = a - 2bQ. [6]

  5. Sales taxes in the United States - Wikipedia

    en.wikipedia.org/wiki/Sales_taxes_in_the_United...

    The highest sales tax in Washington is on liquor. The spirits sales tax is 20.5% of the value of the product purchased [215] and a $3.7708 per liter spirits liter tax is assessed on spirits sold to consumers. [216] 1 April 2008 saw tax increases in King County (+.001), Kittitas County (+.003), Mason County (+.001), and the city of Union Gap ...

  6. Cost of goods sold - Wikipedia

    en.wikipedia.org/wiki/Cost_of_goods_sold

    If he deducted all the costs in 2008, he would have a loss of $20 in 2008 and a profit of $180 in 2009. The total is the same, but the timing is much different. Most countries' accounting and income tax rules (if the country has an income tax) require the use of inventories for all businesses that regularly sell goods they have made or bought.

  7. What Are the Tax Implications of Reverse Mortgages? - AOL

    www.aol.com/tax-implications-reverse-mortgages...

    Reverse Mortgage Tax Implications. The money you get from a reverse mortgage is a loan, not enrichment. As a result, you do not owe any taxes on it. A reverse mortgage has little impact on your taxes.

  8. FairTax - Wikipedia

    en.wikipedia.org/wiki/FairTax

    The sales tax rate, as defined in the legislation for the first year, is 23% of the total payment including the tax ($23 of every $100 spent in total—calculated similar to income taxes). This would be equivalent to a 30% traditional U.S. sales tax ($23 on top of every $77 spent—$100 total, or $30 on top of every $100 spent—$130 total). [5]

  9. Glenn F. Tilton - Pay Pals - The Huffington Post

    data.huffingtonpost.com/paypals/glenn-f-tilton

    From January 2008 to December 2012, if you bought shares in companies when Glenn F. Tilton joined the board, and sold them when he left, you would have a 63.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.