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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › " Plus sales tax "
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?
I have a problem with this too..help please
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.
