How much did ian pay in taxes for buying a new car for 2500

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Originally Posted by kimbo19

how much did ian pay in taxes for buying a new car for 2500

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And you think ANYONE can possibly answer that question with just what little you told us? Sounds like a homework question anyway...

If you bought a NEW car for $2,500, then it was STOLEN.

Now, a USED car for $2,500, that's more plausible.

You probably owe a sales tax (which varies from state to state) and probably a transfer tax (also varies from state to state).

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Originally Posted by AtlantaTaxExpert

If you bought a NEW car for $2,500, then it was STOLEN.

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Right... I missed that... you can't even buy a new NANO for that price...

Most certainly this is a homework question and it's a very old textbook.

There are site rules about giving out homework answers to people that never tried to do the homework.