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makkiz [27]
3 years ago
8

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

Computers and Technology
2 answers:
Ilya [14]3 years ago
8 0
A sales tax? what are the options?
Marta_Voda [28]3 years ago
6 0

When you purchase an item in a store, you may be charged Sales Tax

<h3>Further explanation </h3>

Taxes are the price that we pay for the civilized society. There are kinds of taxes in the U.S such as sales tax, capital gains tax, income tax:

  1. A sales tax is the consumption tax urged by government on the sale of goods and services. A sales tax is levied at the point of sale, collected by the retailer then and passed on to the government.
  2. While capital gains tax. It is a tax on the profit realized on the sale of a non-inventory asset. The common capital gains are the sale of stocks, bonds, precious metals, real estate, property.
  3. An income tax is a tax imposed on individuals varies with income or profits. Income tax is the product of a tax rate times taxable income.

When you purchase an item in a store, you may be charged Sales Tax because an item in a store categorized as goods and services

<h3>Learn more</h3>
  1. Learn more about purchase  brainly.com/question/4581368
  2. Learn more about Taxes brainly.com/question/1441489
  3. Learn more about Trade brainly.com/question/11983009

<h3>Answer details</h3>

Grade: 9

Subject: Math

Chapter: Taxes and Trade

Keywords: Taxes, Trade, item, store, purchase

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