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Josh Schafer. September 19, 2024 at 2:01 PM. Nike (NKE) named a new CEO Thursday, sending its stock up nearly 10% in after hours trading as the company attempts to reinvigorate slowing sales ...
Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale. Use tax is self-assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike the value added tax, a sales tax is imposed only at the retail level.
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