Maybe
No, sales tax is not built into the sticker price of a used car in the US. Taxes are included in some other countries.
The total tax is $648.00 and the price before tax was $10,800.00.
Sales tax is on the purchase price not the value.
8.5% of $20,000 is 8.5 x $20,000 / 100 or $1,700, so the total price would be $21,700
The total tax is $75.00 and the total price with tax is $1,575.00.
Sales Tax is probably included in the price.
The selling price was 714.15.
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.
964.00 tax
When purchasing a car, you typically need to pay sales tax on the total purchase price of the vehicle. This tax is calculated based on the sales tax rate in your state or locality.
The total tax is $2.83 and the price before tax was $47.17.
The total tax is $75.00 and the total price with tax is $1,575.00.