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4 years ago

Sales tax is calculated

Business

2 answers:

Daniel [21]4 years ago

7 0

To calculate sales tax you must:

1. Know the sales tax rate

2. Use the sales tax formula which is

Sales Tax = Total Sales X Sales Tax Rate

Example:

You have a business and you must collect a sales tax at a rate of 8.00%. Your customer bill before adding tax is $399.

Sales tax = $399 times 0.08

Sales tax would be $31.92.

$399 + $31.92 = $430.92 would be the total including sales tax.

Mariana [72]4 years ago

5 0

B. using a percentage of the price of an item.

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3 years ago

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3 years ago

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3 years ago

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<h3>What is the weighted average cost of capital?</h3>

The weighted average cost of capital computes a firm's cost of capital based on the firm's average cost of capital from all sources: common stock, preferred stock, bonds, and other forms of debt.

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<h3>Data and Calculations:</h3>

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