Sales tax decalculator

Take the total price and divide it by one plus the tax rate. Multiply the result from step one by the tax rate to get the dollars of tax.

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Enter the total amount that you wish to have calculated in order to determine tax on the sale.

. Find your sales revenue and cost of goods sold. The Excel sales tax decalculator works by using a formula that takes the following steps. The first script calculates the sales tax of an item or group of items then displays the tax in raw and rounded forms and the total sales price including tax.

Sales revenue refers to the total amount of money your business earns from selling its goods and services without any deductions. Enter the sales tax percentage. How the Sales Tax Decalculator Works.

Subtract the dollars of tax from step 2 from the total. In comparison the cost of goods sold refers to any costs related to the manufacturing and production of the goods and services the company sells. You obviously may change the default values if you desire.

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