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Answer:
Sales tax is the first variable that people take into account when purchasing almost anything from a retailer. Another variable is withholdong fees. For example, when you withdrawl from an ATM, there is a fee of several dollars until the end of the month.
Factors which may lead to paying a higher subtotal amount than expected when checking out after making a purchase include :
- Value added tax
- Service charge
Additional fees are usually charged after making payment for good and services which often increases the total amount charged and exceeds the expected amount.
Value added Tax are tax levies which individuals making a purchase are charged based on prescription by the government. They are usually based on a certain percentage of the purchase made.
Service charges are levies paid for using a particular service. They include online platform or Automated Teller Machine charges which are deducted when the service is used.
Therefore, levies such s service charges and taxes usually raise the expected amount when checking out.
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