Can someone give me a good answer to this?
If I have a fruit stand and I buy apples from a farmer for 0.10 / apple and I have set up a 50% mark so that the apple does 0.15 cents.
Do I add the control to the 10 or 15 cents ?
So with control and marking of the apple is 0.1605 cents
all separate his .007 (not even a penny) by a tax on an apple plus the 5 cents.
Best Answer: When you dispute it with the Credit Reporting Agency they request validation from the Company in question. If they do not respond in the time(30 days) they automatically remove it. Now, if at a later time the company does finally respond it can be put back on there.
In order to get it removed permanently you need to dispute it with the Collection Agency directly requesting debt validation. They have 30 days to respond to you, and after that 30 days you can then write the CRA and have it removed. In this case they can not place it back on your report until they have validated the debt with you. The link below talks about debt validation, the only thing to be sure of is that you send your dispute by certified mail with a return receipt to be sure they got it.
Now if they do validate the debt with you, you will have to work out getting that taken care of with the collection agency.
Reply: Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
LABOR IS NOT A PART (something you can touch with your fingers)…how could you charge tax???
I think in my state, labor is taxable on businesses but not on persons… or what I mean is a co having work done (like having a maid clean there office) will be taxed on labor but a individual who has labor done (like having there house cleaned by a maid) will not pay tax on the labor.
YES…THE PROFIT FROM THE LABOR FOR A BUSINESS IS TAXABLE
I thought you trying to say that the customer had to pay sales tax on the LABOR
Hmmm, in my state we pay sales tax on labor so YMMV.
As the the original question, cost + profit are added together and that is your sales price. Sales tax is charged on the sales price.
GREEDY STATE
Ahhh, yes. One of the greediest.
Reply: Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
LABOR IS NOT A PART (something you can touch with your fingers)…how could you charge tax???
I think in my state, labor is taxable on businesses but not on persons… or what I mean is a co having work done (like having a maid clean there office) will be taxed on labor but a individual who has labor done (like having there house cleaned by a maid) will not pay tax on the labor.
YES…THE PROFIT FROM THE LABOR FOR A BUSINESS IS TAXABLE
I thought you trying to say that the customer had to pay sales tax on the LABOR
Hmmm, in my state we pay sales tax on labor so YMMV.
As the the original question, cost + profit are added together and that is your sales price. Sales tax is charged on the sales price.
GREEDY STATE
Reply: Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
LABOR IS NOT A PART (something you can touch with your fingers)…how could you charge tax???
I think in my state, labor is taxable on businesses but not on persons… or what I mean is a co having work done (like having a maid clean there office) will be taxed on labor but a individual who has labor done (like having there house cleaned by a maid) will not pay tax on the labor.
YES…THE PROFIT FROM THE LABOR FOR A BUSINESS IS TAXABLE
I thought you trying to say that the customer had to pay sales tax on the LABOR
Hmmm, in my state we pay sales tax on labor so YMMV.
As the the original question, cost + profit are added together and that is your sales price. Sales tax is charged on the sales price.
Reply: Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
LABOR IS NOT A PART (something you can touch with your fingers)…how could you charge tax???
I think in my state, labor is taxable on businesses but not on persons… or what I mean is a co having work done (like having a maid clean there office) will be taxed on labor but a individual who has labor done (like having there house cleaned by a maid) will not pay tax on the labor.
YES…THE PROFIT FROM THE LABOR FOR A BUSINESS IS TAXABLE
I thought you trying to say that the customer had to pay sales tax on the LABOR
Reply: Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
LABOR IS NOT A PART (something you can touch with your fingers)…how could you charge tax???
I think in my state, labor is taxable on businesses but not on persons… or what I mean is a co having work done (like having a maid clean there office) will be taxed on labor but a individual who has labor done (like having there house cleaned by a maid) will not pay tax on the labor.
Reply: Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
LABOR IS NOT A PART (something you can touch with your fingers)…how could you charge tax???
Reply:Like Centex said, you really need to know the local laws on this. In some states the labor part of a contractor's job is taxable and in others it is not. The materials furnished by a contractor would usually be subject to sales tax based on the retail price charged by the contractor to the customer.
Reply:Centex
I think your hitting the nail now.
I just used food for an example the goods are instead a service with contract materials for the job.
Sorry to confuse anyone. Thank you for your input.
Reply: Can anyone give me a good answer on this one?
If i have a fruit stand and I am buying apples from a farmer for .10/ apple and I have a 50% mark up so that makes the apple .15 cents.
Do i add the tax to the 10 or to the 15 cents?
So with tax and mark up the apple is .1605 cents
all separate its .007 ( not even a penny ) of taxes on one apple plus the 5 cents.
Some states like CA don't have sales tax on food (unless they have changed that recently)
But CO does
SALES TAX is on the final sales price of the item
Sales tax can be rounded up (following standard basic math rules)
$0.007 = $0.01
Reply:Sales tax on eligble items will be calculated in a manner proscribed by the law in that particular jurisdiction. It is GENERALLY based upon the selling price of the item.
Tax on profits is separate from the sales tax remitted to the taxing entity…
Reply:Hegemony
Therefore its added to the price and profit of the item in the store.
Reply:I always calculate sales tax on the total amount of the sale. if I buy $10 in taxable items, I pay my tax on top of that.
For food, I think I pay no tax on apples and milk as some items, at least where I live, are tax exempt like milk and bread.
Reply:isn't sales tax on the sales price?
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