How to back into sales tax
Things You'll Need
Determine the sales tax rate for the item you are purchasing. Is the sales tax 6%, 15%?
Enter the total amount due on your calculator. Assume the total is $13.65. Enter that amount.
Hit the divide key on your calculator, it may be / or ÷.
Enter the calculation that will determine the price without the percentage. What is that calculation? If the percentage is 5%, the number you enter will be 1.05. If it is 6% you will enter 1.06. If the percentage is 8% the number you enter will be 1.08. If your percentage is 25% you will enter 1.25. If your percentage is 14% you will enter 1.14. As you can see, you will be entering number one, followed by the percentage number of the sales tax.
More Like This
How to Calculate Reverse Sales Tax
How to Calculate Sales Tax in Excel
How to Join a Skype Chat Room
You May Also Like
Use an online reverse tax calculator to make the process even simpler. Related Searches. References. How to Back out Sales Tax.
How to Find Out If I Owe Property Taxes in NYC. Rises in back taxes owed and property foreclosures are common.
There are two factors that determine what you pay for an item; the first is the retail price of the item, the.
How Do I Get a U.S. Sales Tax Back. Check It Out Lending Money to Your Adult Kid by Mom.me You.
Before you purchase a home for the back taxes. place your bid on the home during the county's sale to recoup.
If you believe you owe back taxes to the Internal Revenue Service, you should do your best to find out immediately the.
Sales taxes can differ depending on locality within a state. ensure that the Sales Tax Calculation formula references the subtotal.
Figuring out sales tax on a previous purchase is simple math. How to Figure Sales Tax With Total. Figuring out the.
Read ArticleSource: ehow.com