how to find rate of sale tax
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To calculate the sales tax that is included in receipts from items subject to sales tax, divide the receipts by 1 + the sales tax rate.
Step-by-step explanation:
For example, if the sales tax rate is 6%, divide the total amount of receipts by 1.06. $255 divided by 1.06 (6% sales tax) = 240.57 (rounded up 14.43 = tax amount to report.
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