Calculating Sales Tax from Sales: A Comprehensive Guide
How do I calculate sales tax from sales? To calculate total sales tax, divide “”1 + the rate”” into your taxable sales. For example, if the rate is 10 percent and you sold ?$1,100? worth of goods, you’d divide ?$1,100? by 1.10 to get ?$1,000?. The remaining ?$100? is tax. Read more on smallbusiness.chron.com A … Read more