Figuring out the tax rate on a total charge is quite simple. First you must know the tax rate you need to charge, then you use the formula tax= total amount- (total amount/(1 + tax rate)).
Amount x Tax Rate % = (finds out the amount of tax) or Amount x .__ (tax rate, if it is 7 you would put .07) = (amount of tax) To determine the sales tax rate you would have to contact the locality you live in because the rate can vary from town to town.
That depends on the tax rate. Usually you would add the tax to the nominal amount (to the 49.99 in this case). Calculate the tax by multiplying the tax rate (divided by 100) by the purchase amount. Then add this to the purchase amount.
You can't calculate this without the tax rate.
To calculate the total amount after tax, you will need to know the tax rate. Let's assume the tax rate is 7%. Multiply 66.37 by 0.07 to find the tax amount, which is $4.64. Then add the tax amount to the original price, which equals $71.01.
First, determine the nominal property tax rate for your locale. Then multiply that rate by the assessment ratio, which will give you the effective property tax rate. Multiply the effective property tax rate by the value of your home and that will give you your liability.
Marginal Tax Rate Calculator Knowing your income tax rate can help you calculate your tax liability for unexpected income, retirement planning or investment income. This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2010 tax year. Please note that this calculator uses the 2010 preliminary tax tables subject to change by the IRS.
not sure either was trying to calculate mine and i stumbled here :S silverspider was here ~
The amount of tax will depend on the tax rate applicable in your location. You can calculate the tax amount by multiplying the tax rate by 188.00. Once you have the tax amount, you can add it to the original amount of 188.00 to find the total.
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
To calculate the total amount including sales tax in Texas, you would need to know the specific tax rate applicable in that area. Once you have the tax rate, you can multiply it by the original amount and add it to the original amount. For example, if the tax rate is 8.25%, you would multiply $69.99 by 0.0825 to get the tax amount, add the tax to $69.99, and get the total amount.
To find out a person's individual annual tax rate, one needs to calculate how much they earn. One then needs to then visit the official government webpage to see which tax band their earnings fit under.