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" Plus sales tax "

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › " Plus sales tax "

  • This topic has 2 replies, 3 voices, and was last updated 10 years ago by John Moffat.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • June 6, 2015 at 5:47 pm #254577
    Quốc Anh
    Participant
    • Topics: 41
    • Replies: 23
    • ☆☆

    I don’t know this phrase, because i meet it up many times in excercise and i am still vague…

    For instance, ‘ Micheal, a saler registered trader, sell goods on credit to Darren for $800 plus sales tax. Sales tax is charged at 20%

    is there true if the $800 plus sales tax means including taxes? or not it is a price net of sales tax?

    June 6, 2015 at 6:04 pm #254583
    Caroline
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    I have a problem with this too..help please

    June 7, 2015 at 7:25 am #254662
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54808
    • ☆☆☆☆☆

    If the price is 800 plus tax, then it means 800 is net of tax. Tax will be added to the 800 and the full price will be higher.

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