Feedback
Sales tax
Meaning
Noun
●
In Taxation:
A local or state
tax
imposed
as a
percentage
of the
selling price
of
goods
or services
payable
by the customer. The
tax
is not
recognized
as the
seller
's
earnings
; the
seller
only
collects
the
tax
and
transmits
the same to local or state authorities.
Sourced from
Wiktionary
Synonyms
Nuisance Tax
Join 10 million students and professionals writing 70% faster at QuillBot.com
Start writing better