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kondaur [170]
3 years ago
6

When you purchase an item in a store, you may be charged __________.

Business
2 answers:
Vlada [557]3 years ago
7 0

According to the question, you may be charged <u>sales tax</u> when you purchase an item in a store.

A sales tax refers to the tax that is imposed on goods and services. This tax is a consumption tax that is imposed by the government.

<h2>Further Explanation</h2>

The retailer collects the sales tax on behalf of the government and which is later remitted to the purse of the government. The retailer remits the sales tax either monthly or quarterly. Any businesses that operate in any environment where the sale tax law exists are liable to pay sales tax.

The end-users of the product or services offered by a company are charged for a sales tax. The sales tax rate is different among states in the US, it ranges from 1.7% to 9.45%. There are also some states with local sales tax laws.

There are 5 States in the US that do not charge sale tax on purchases. These states includes:

  • Oregon
  • Delaware
  • New Hampshire
  • Montana

However, in some of the five states, the local municipalities are allowed to charge sales tax. Also for the company to collect tax from consumers they have to apply for a sales tax permit. While some states require a fee to get the permit, some state grants the permit at no charge.

LEARN MORE:

  • Sales tax is caculated brainly.com/question/10609298
  • 5% sales tax brainly.com/question/372989

KEYWORDS:

  • sales tax
  • local municipalities
  • US
  • consumption tax
  • product
  • services
Bess [88]3 years ago
5 0
<span>When buying any item in most stores, you are charged sales tax. Retailers, even smaller businesses are charged taxes for running their business. Businesses are able to pass on part of the burden to their paying customers in way of sales tax. So when you see an item marked as 99 cents, you will be paying slightly more than a dollar in almost all cases.</span>
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The best explanation of how the principle of demand and supply has affected the price of the record player is:

  • Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.

<h3>What is Demand?</h3>

This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.

With this in mind, the principle of demand and supply was in effect as in the flea market, there was a reduction in price of an old record player because there was a lot of the goods in a location.

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how a teacher can use motivational strategies to control problem behavior in classroom give an example
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<h3><u>Answer</u></h3>

The Earth’s mantle is made up of Tectonic plates that are forever moving as the Earth cools down. This happens over billions of years, and one of the most notable ones is around the Pacific rim where Earthquakes, (seismic activity) happens quite often

The Rift Valley in Ethiopia lies along the edge of the African Tectonic Plate, and continues down through parts of Somalia and into Kenya.

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ValentinkaMS [17]

The example of an extension economy of scale is Bulk buying.

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  • economies of scale are the main cost whose advantages are for the enterprises that  obtain due to their scale of operation, which is measured by the amount of output produced by the company with cost per unit of output resulting in decreasing with increasing scale.
  • Economies of scale apply to a vast variety of organizational and business situations and at multiple areas, such as a production, the plant or an entire enterprise.
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  • Managerial economies of scale occur when large firms are able to afford specialists. They manage i an effective manner, particular areas of the company.
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Answer:

This is a part of my Economic Resources doc and I'm not sure about the second part of the question but I hope it helps!

Explanation:

Economic Resources

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What you need to know:

What is a PRODUCER?

a person, franchise, brand or country etc. that makes, grows, or produces goods and services for sale to customers or consumers.

What is a RESOURCE?

a stock or supply of goods, materials, and products that can be bought  by a person or organization in order to function effectively.

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Classification of Economic Resources:

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Natural resources are ones who are not man made and are there naturally. This could be land, light, water, electricity, etc.

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