For Sales Tax filing, would I total up the total of what is sold before?
For Sales Tax filing, would I total up the total of what is sold before my transaction fees? For example ( when reporting statements for profits would it be the cost of the item when sold or would it be the ending profit that I received after transaction and tax fees)?
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September 8th, 2010 at 12:05 pm
It is the selling price of the item, before taxes, fees or whatever. If you sold it for $20, then that is the total you use. You then would have a calc on the form for sales tax on that and that is what you’d submit with your sales tax form. It is what you should have collect from your customers.