Sales Tax Calculator

Description:

Calculator:

Instructions:

1. Enter the price or cost of the item.
2. Enter the sales tax rate as a percentage. Do not enter in a decimal value.
3. Press Calculate.

General Sales Tax Info:

• Typically, state, county and city sales tax are combined when the transaction occurs.
• Usually, it is collected at the point of sale.
• The consumer or end user pays for the tax.
• The U.S Federal Government does not impose a sales tax.
• Some states do not charge sales tax. Delaware, Montana, Oregon and New Hampshire do not collect sales tax.
• Sales tax is commonly referred to as gross receipts tax.
• Sales tax can be used as a deduction if itemized deductions are used when filing income taxes.
• Some items are exempt from sales tax. For example, many government's do not tax food.
• Internet retailers may or may not collect internet sales tax. Typically, this is based on the physical presence of the business
• Sales tax is not common in wealthy countries. One exception is the United States. Other countries use a value added tax (VAT) system. The European Union uses the VAT method.

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