The tax is $45.23
1500/100=15 15 x 5 = 75.
Accelerated payments are due from anyone in Ohio who collect more than $75,000 in sales tax per calendar year. The payments must be made by EFT, and 75 percent of the anticipated sales tax must be paid in advance.
Sales = Cost of goods sold / 75% Sales = 100000 / .75 Sales = 133333 Prove sales = 133333 Less CGS = 100000 Gross profit = 33333 (25% of sales)
(Note: Using A Calculator Helps) For tax, let's say something is $25, and the sales tax is 7%, you could do 25 times (multiply) 7%, you get $1.75, now add $1.75 to $25. For discounts it is a little different. If you have something that is $75, and the discount is 20% off, you would do $75 times (multiply) 20%, you get $15, now subtract $15 from $75 and then calculate the tax.
This cannot be correctly answered without knowing the tax rate.
75
The auto sales tax rate in Lake County, Illinois is 6.25 percent. Their special sales tax is .75 percent which comes to 7 percent total sales tax.
1,500 = 100% 150 = 10% 75 = 5% 1,500 + 75 = 1,575
$75
5 percent of 1,500 means ( 0.05 x 1,500 ) = 75 .
1500/100=15 15 x 5 = 75.
Accelerated payments are due from anyone in Ohio who collect more than $75,000 in sales tax per calendar year. The payments must be made by EFT, and 75 percent of the anticipated sales tax must be paid in advance.
5 percent means 5 per 100 in 1500 there are 15 "hundreds" so for 1500 it is 5*15=75 total 1500+75=1575
to find out you do 18.75x.04 which equals .75. then you add that to 18.75 which is 19.50. so the final answer is $19.50
Actually he paid $1500 for the car. However there is also the $75 tax (1500x.05). So total cost including tax is $1575.
It depends on exactly what you mean, but generally, sales tax is figured on net sales. For instance, if you buy an item for $100, but you trade an item for it that is worth $25, you only pay sales tax on the difference of $75, not the entire $100.
Depends where you live