Sales Tax

Business, Legal & Accounting Glossary

Definition: Sales Tax

Full Definition of Sales Tax

In the US, a state or local government tax levied on goods and services. The amount of tax is based on a percentage of the selling price. An item costing $100 and a sales tax of 5% will cost in total $105.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Sales Tax. Payroll & Accounting Heaven Ltd. October 20, 2020
Chicago Manual of Style (CMS):
Sales Tax. Payroll & Accounting Heaven Ltd. (accessed: October 20, 2020).
American Psychological Association (APA):
Sales Tax. Retrieved October 20, 2020, from website:

Definition Sources

Definitions for Sales Tax are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 0 Views.