Because discounts are generally offered directly by the retailer and reduce the amount of the sales price and the cash received by the … See more
https://www.taxjar.com/blog/calculations/2021-12-sales-tax-discounts-coupons-promotions
Sales price reductions arising from the use of coupons or coupon codes are treated in the same way that discounts are. We normally refer to … See more
When it comes to the application of sales tax to promotions, any time the states see the word “free” they think use tax. The state of Texas offers … See more
https://www.paystubhero.com/decoding-paycheck-stub-abbreviations-adp-terminology-guide/
In a “two for the price of one” transaction, the retailer is compensated for both items since the word “free” is not included in the promotions. Because the retailer is compensated for the … See more
The application of sales tax to special promotions is more complicated. By “special promotions” I’m referring to “Buy One/Get one free,” “Buy one/get one at reduced price,” “Two … See more
https://www.journalofaccountancy.com/issues/2017/sep/employee-discount-plans.html
WebNov 3, 2023 · For example, if a shopper wants to purchase a laptop priced at $800 with an eight percent sales tax, and the store offers a 10 percent discount, the sales tax will …
https://ttlc.intuit.com/community/taxes/discussion/am-i-able-to-deduct-a-customer-discount/00/37290
WebSep 27, 2023 · This acronym stands for Automatic Data Processing, a leading name in the world of payroll, HR, and tax services. With its roots going back to 1949, ADP today is …
https://www.cpasolved.com/post/revenue-accounting-for-discounts
WebNov 20, 2017 · A qualified employee discount is a discount provided to an employee on qualified services or property that does not exceed a threshold amount. The threshold …
https://pomodosoftware.com/news/sales-tax-on-discounts-coupons-and-promos/
WebSep 1, 2017 · Sec. 132(a)(2) allows employers to provide a qualified employee discount that is excludable from an employee's taxable income. A qualified employee discount is …
WebJun 15, 2022 · 1 Best answer. Lisa995. Alumni. If you claim the $100 you WOULD HAVE received as income, then you can deduct the $20 discount. Its more common to report the $80 you received as income. You cannot report income of $80 and the $20 discount given. ♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪.
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