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I think the discount comes first and then the sales tax.
I think it's sales tax
the customer of the purchased item is taxed by sales tax.
If an item costs $1,075.00 and the value of the sales tax is $43.00, the percentage of sales tax is 4%
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46.20
The final price of the item, including the discount and sales tax, is: $73.44
I think the discount comes first and then the sales tax.
The discount must be calculated first to get the base price of the item, then the tax percentage would be taken into consideration, otherwise you would be charging additional tax on an item which should be discounted in the first place. If you were to calculate tax first then the discount price, your total would be incorrect.
In most states, sales tax is applied to the final purchase price, thus the answer to this question would be the discount price.
55 - 20% + 5% = 55 * 0.80 * 1.05 = 46.20
Original Price = Total / (1 + Tax)
Yes, a discount is permitted when the tax is compensated through the 20th day of the month where the tax arrives. The sales tax discount is 2% of tax due, to not exceed $50.
The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.
I think it's sales tax
the customer of the purchased item is taxed by sales tax.
Sales tax varies from place to place. You need to identify what the sales tax is in the area where you are selling the item