Re: Federal Excise Tax
Hi Rustler, thanks again for your reply. F.E.T. is pre-calculated by the Federal Government and is based on the weight of the tire. I believe it starts with tires that are used on highways that weigh 40 pounds or more. 18 wheeler tires as an example have average FET tax of about 30.00 It seems the only choice would be to make it a sales item and also a COGS.