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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)).
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How to calculate the sales 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.
How can you find the sales tax amount from the total including tax?
Tax = Total Amount - (Total Amount / (1 + Tax Rate))Example: Total including tax is $2.14 and the tax rate is 7% (0.07).The base amount -- or purchase price -- is $2.14 divided by 1.07, or $2.00.The tax is 2.14 - (2.14/1.07) = $0.14
What would be the sales tax on a 30.98 if the sales tax rate was 7 percent?
The total tax is $2.17 and the total price with tax is $33.15.
What is the sale tax on a suit priced at 150 if the sale tax rate is 5 percent?
The total tax is $7.50 and the total price with tax is $157.50.
How do you calculate income tax on a budgeted income statement?
You divide the percent of tax to your total and you will get your answer
DO YOU CHARGE SALES TAX IN Tennessee?
The Tennessee (TN) state sales tax rate is currently 7%. Depending on local municipalities, the total tax rate can be as high as 9.75%.
What is 66.37 plus tax?
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.
What is 69.99 plus tax-in-Texas?
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.
How much is 188.00 plus tax i don't know?
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 the sales tax is 8.1 percent then What is the ammount of sales tax of 7.63?
Using the mystery of arithmetic, you can calculate the amount of sales tax by multiplying your purchases by the tax rate to get the amount of sales tax. In this case $7.63 X .081 = .62. To get the total you multiply the amount of purchases by 1 plus the tax rate: $7.63 X 1.081 = $8.25.
What are the differences between tax rates?
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
What is the synonym of tariff?
charge, rate, price, tax
Is the rate of sales tax the same in every state?
The sales tax rate are not the same in every state. It varies on what the state and local governments charge. If a business has a sales tax license, then they are allowed to charge it.
What is the tax on 28.95 if the tax rate is 9.5 percent?
The total tax is $2.75 and the total price with tax is $31.70
What is the sales tax rate for 70663?
The current total local sales tax rate in Sulphur, LA is 10.750%. The December 2015 total local sales tax rate was 9.750%.
What is the tax on a 12.89 when the rate is 8 percent?
The total tax is $1.03 and the total price with tax is $13.92
How much is 79.99 plus tax if tax rate is 0.7?
The total tax is $0.56 and the total price with tax is $80.55
