Sales Tax Calculator

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Calculator Use

Calculate sales tax and sum price given your state sales tax rate. Enter detail price and tax rate share to find sales tax and total price .

What is Sales Tax?

Sales tax is a tax on the sale of goods and services. In the US and the District of Columbia all states except Alaska, Delaware, Montana, New Hampshire and Oregon impose a country sales tax when you buy items or pay for services. Alaska however does allow localities to charge local anesthetic sales taxes as do many early states.

Some states do not charge sales tax on specific categories of items. In Massachusetts for model sales tax is not charged on regular grocery items. besides many states have extra tax surcharges. In the cordial reception industry it is coarse for restaurants and hotels to charge a tax rate higher than the state sales tax pace. Check with your state and vicinity for expected sales tax rates and electric potential tax surcharge rates .

How to Calculate Sales Tax

Multiply the price of your token or service by the tax rate. If you have tax rate as a percentage, divide that phone number by 100 to get tax rate as a decimal fraction. then use this act in the multiplication process.

  1. Find list price and tax percentage
  2. Divide tax percentage by 100 to get tax rate as a decimal
  3. Multiply list price by decimal tax rate to get tax amount
  4. Add tax amount to list price to get total price

For exercise say you ‘re buying a newfangled coffee bean manufacturer for your kitchen. The monetary value of the chocolate manufacturer is $ 70 and your country sales tax is 6.5 % .

  1. List price is $90 and tax percentage is 6.5%
  2. Divide tax percentage by 100: 6.5 / 100 = 0.065
  3. Multiply price by decimal tax rate: 70 * 0.065 = 4.55
    You will pay $4.55 in tax on a $70 item
  4. Add tax to list price to get total price: 70 + 4.55 = $74.55

Sales Tax Calculation Formulas

  • Sales tax rate = sales tax percent / 100
  • Sales tax = list price * sales tax rate
  • Total price including tax = list price + sales tax, or
  • Total price including tax = list price + (list price * sales tax rate), or
  • Total price including tax = list price * ( 1 + sales tax rate)

If you need to calculate state sales tax, manipulation tax and local sales tax see the State and Local Sales Tax Calculator.

For a postpone of 2022 state sales tax rates see State and Local Sales Tax Rates, 2022 .
For more contingent including local tax rates or type of purchase see Wikipedia Tax Tables by State .

source :
Category : Finance

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