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Alex777 [14]
4 years ago
9

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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Also known as Recurring Revenue. Revenue that flows in at regular intervals during the year – typically, on a monthly basis.

Learn more about Recurring Revenue here: brainly.com/question/14317614

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