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How can you find the sales tax amount from the total including tax?
Wiki User
∙ 13y ago
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
Wiki User
∙ 13y ago
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To find the average amount paid amount for a client select as the entry in the Total row for the Amount Paid column?
It is AVG.
How do you find the sales tax as a percent?
Divide the total amount of tax by the cost of the item before the tax and multiply by 100. Example: 6.80 / 85.00 = .08 then .08 X 100 = 8% Test your answer: $85 X 8% = $6.80
How do you find the sales tax on 215.00?
if the tax rates is (15.5%) $215 times 15.5%= total tax payable($32.25)
Why would i pick State and local income tax deduction?
You generally want to take the higher of your state/local income taxes paid for the year, or the sales tax deduction. Which one of the two is higher is different for each person. The American Jobs Creation Act of 2004 gives taxpayers the option to claim state and local sales taxes instead of state and local income taxes when they itemize deductions. This option is available for the 2004 and 2005 returns only. IRS Publication 600, Optional State Sales Tax Tables, helps taxpayers determine their sales tax deduction amount in lieu of saving their receipts throughout the year. Taxpayers use their income level and number of exemptions to find the sales tax amount for their state. The table instructions explain how to add an amount for local sales taxes if appropriate. Taxpayers also may add to the table amount any sales taxes paid on: * A motor vehicle, but only up to the amount of tax paid at the general sales tax rate; and * An aircraft, boat, home (including mobile or prefabricated), or home building materials, if the tax rate is the same as the general sales tax rate. For example, the State of Washington has a motor vehicle sales tax of 0.3 percent in addition to the state and local sales tax. A Washington state resident who purchased a new car could add the tax paid at the general sales tax rate to the table amount, but not the 0.3 percent motor vehicle sales tax paid.
How do you find commission?
To find the commision rate you must first1. Multiply your total sales times your the commision rate. (ex. $179 x 7%)2. Your answer will be 12.53.And that is your commision rateHope this information was helpful.
What is the toal number of jobs that were completed by a sales person?
The total number of jobs that was completed by a sales person would have to be researched on the census. It would be a complete amount of jobs that you would have to find when they speak with a number of sales represenatives at a particular company.
How do you calculate average gross receivable?
There are three steps you should take to calculate average gross receivable. First, figure out your average figures during a gross period, Next, figure out the total amount of sales tax for a period. Finally, divide the net amount of credit sales with the average gross amounts to find your total.
What employees earn a specific amount of money based on the total of sales completed?
Sales people who earn money based on their sales are said to work on commission. They are commissioned employees. Not all sales people are commissioned, but you can find them in many types of retail establishments: clothing, electronics, and most commonly: car sales.
What is the total for items costing 149.99 with a sales tax of 5.75 percent?
find the total for items costing $149.99 with sales tax of 5.75%
Describe how to find the cost of a purchase if you know the percent of the tax and the amount of the sales tax on the purchase?
take the amount of the sales tax and divide it by the percent of the tax... i was on that same question on my hw
How do you find turnover?
total sales or business (loss or profit) done in a financial year
How would you write this as a formula A sales representative earns 2point5 percent commission on sales Find the commission earned when the total sales are 80700?
80700 x 0.025 = 2017.50.
How do you calculate to find LTV?
loan amount divided by sales price or appraised value or whichever is less
How do you find sale tax?
To find sales tax, simply multiply the total price of the item by the sales tax percent- for example, if your tax rate was 7% and you wanted to buy a 30 dollar game, you would multiply 30 by .07 to get 2.1. You would add 2.1 on to the 30 dollars and get a total price of $32.10.
How do you calculate average sale?
Add together the total sales for each month of the year. Divided this total by 12 to find the average.
To find the average amount paid amount for a client select as the entry in the Total row for the Amount Paid column?
It is AVG.
How much is 20.75 plus 9.25 percent tax?
To find the total amount including tax, you need to add the tax amount to the original amount. To calculate the tax amount, multiply the original amount by the tax rate (9.25% or 0.0925). Then, add the tax amount to the original amount. In this case, 20.75 + (20.75 * 0.0925) = 22.695375.
