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Calculating for Percentage Tax Once youve confirmed that you need to file it, the next step is to calculate. For Percentage Tax, it is always 3% of your gross sales or receipts. Your gross sales are simply the total amount of money your business earns before any expenses or deductions.
Heres how to calculate the sales tax on an item or service: Know the retail price and the sales tax percentage. Divide the sales tax percentage by 100 to get a decimal. Multiply the retail price by the decimal to calculate the sales tax amount.
When written out, the equation looks like this: Sales tax rate = Sales tax percent / 100. Sales tax = List price x Sales tax rate.
How do you calculate 18% GST on the total? To calculate 18% GST on the total, you simply multiply the total amount by 18% (or 0.18). For example, if the total amount is Rs. 1000, the GST amount would be Rs. 180 (1000 x 0.18). How do I calculate my GST?
Multiply the price of your item or service by the tax rate to get the sales tax amount. If your tax rate is a percentage, divide that number by 100 to get tax rate as a decimal. Then use this number in the sales tax calculation.
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Net price = Original cost GST For example, if the cost of a product after GST of 18% is Rs. 118, its original cost is 118 [100/(100 + 18%)}], which equates to Rs. 100.
Calculate the sum of all assessed taxes, including Social Security, Medicare and federal and state withholding information found on a W-4. Divide this number by the gross pay to determine the percentage of taxes taken out of a paycheck.

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