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Glossary > S > "Sales tax" Definition

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 - 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.

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.