Advice: Recording sales tax

Dale Alspach alspach at math.okstate.edu
Wed Dec 1 16:49:27 EST 2004


>Do people just split the tax between the various goods?  i.e. Enter
the Floor Mats price as 16.84*15.68/(15.68+0.94) ???

Yes. I just allocate the tax among the categories.

If you know the rate, you can do the calculations as you go.
Our basic rate is 8.5% so

Food 35.22*1.085
Clothing 75.19*1.085
Pharmacy 25.00 (no tax)
etc.

Dale Alspach




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