You take 8% and turn it into a decimal, 0.08. Then multiply 39.60 by 0.08. The answer that you get then is how much your tax is. If you want the total. Then add the answer to 39.60.
difference vat tax in purchase and selling
The tax rate was about 7.5%
You divide the percent of tax to your total and you will get your answer
$7.20
The total tax is $0.75 and the total price with tax is $10.75
To calculate sales tax in Texas at a rate of 8.25 percent, first determine the taxable amount of the purchase. Multiply this amount by 0.0825 (which represents 8.25 percent). For example, if the purchase is $100, the sales tax would be $100 x 0.0825 = $8.25. Finally, add the sales tax to the original purchase price to find the total amount due.
You multiply the purchase price (without sales tax) by 13/100, that is, by 0.13.
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
To calculate tax when buying something, multiply the purchase price by the tax rate as a decimal. Add this amount to the purchase price to get the total cost including tax.
Sales tax in the United States is applied by the individual states, or by their subsidiaries - counties and cities. As a result, the percent of a purchase that is tax varies depending at the least on what state you are making the purchase is. A few states have no sales tax at all.
difference vat tax in purchase and selling
6%
The total tax is $38.89
The tax rate was about 7.5%
The total tax is $1.14 and the total price with tax is $24.90
To calculate 12 percent tax from 500,000, you multiply 500,000 by 0.12. This results in a tax amount of 60,000. Therefore, 12 percent tax on 500,000 is 60,000.
You have to calculate 400,000 x 1.5 / 100. (Percent means hundredths; the idea is to calculate 1.5 hundredths of the amount.)