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.


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Sales Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 20, 2020 https://payrollheaven.com/define/sales-tax/.
Chicago Manual of Style (CMS):
Sales Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/sales-tax/ (accessed: October 20, 2020).
American Psychological Association (APA):
Sales Tax. PayrollHeaven.com. Retrieved October 20, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/sales-tax/

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.