Sales tax = cost of good + (cost * percentage of tax given)
For example:
You buy a car for Rs.20,000 and pay 5 % in tax. How much is tax?
Tax = 20,000 * 5% = 1000
The cost with tax is 20,000 + 1000 = 21,000
The sale tax is 1000.
how do you calculate builders cot tax
64.79
The sales tax of 2.99 with the sales tax itself being 5.5% ... is just 2.99 x 0.055 so if you calculate that it is 0.164. Add the tax with the amount and it becomes 3.15.
You multiply the purchase price (without sales tax) by 13/100, that is, by 0.13.
You have to calculate 400,000 x 1.5 / 100. (Percent means hundredths; the idea is to calculate 1.5 hundredths of the amount.)
64.79 (A+)
The sale tax rate in Pakistan is currently 17% but it is reduced to 16% in 2011 budget and will be applicable from 1st July 2011. Munir
If I understand your question correctly you know what the Gross Receipts are and need to calculate the sales tax that is included. If that is the case this is how to do it. Gross Receipts - Gross Receipts divided by (1+ Tax Rate) if your tax rate is 5% and your gross receipts including tax are $1,050.00, divide $1,050.00 by 1.05. The result is your net receipts without tax. $1000.00 . Then $1050.00 -$1000.00 = $50.00 the sales tax
you do .0625 x 181.98 ...
Multiply the price by 0.015
Take your order price times .007. That's the sales tax for that order. but take tax before shipping cost.
27.63