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To: kevkrom
Refer to my #1036 where I say: "the gross payment for federal tax purposes is $100, because the state sales taxes are not included."

Just for future reference. If you identify $100 of the total $103.85 paid as the gross payment, what do you call the final $103.85 payment for "the taxable service or property" that includes all the taxes?

1,234 posted on 02/03/2005 7:37:55 AM PST by lewislynn (The meaning of life can be described in one word...Grandchildren)
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To: lewislynn
Just for future reference. If you identify $100 of the total $103.85 paid as the gross payment, what do you call the final $103.85 payment for "the taxable service or property" that includes all the taxes?

The total payment, including all taxes.

The "gross payment" for federal purposes is $100

The "gross payment" for state purposes is $80.85.

What is so hard to understand about this?

1,235 posted on 02/03/2005 7:44:05 AM PST by kevkrom (If people are free to do as they wish, they are almost certain not to do as Utopian planners wish)
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