Sales Tax Calculator
Free calculator to find the sales tax amount/rate, before-tax price, and after-tax price. Sales tax calculator to calculate tax on a purchase and find the total sale price including tax. Calculate the amount of sales tax and total purchase amount given the price of an item and the sales tax rate percentage.
Sales Tax Calculator Online
A sales tax calculator is a tool that can be used to calculate the amount of sales tax that should be charged on a purchase. A sales tax is a consumption tax that is imposed by the government on the sale of goods and services. The amount of sales tax charged can vary depending on the location and the type of goods or services being purchased.
A sales tax calculator typically requires an input of the purchase amount and the sales tax rate. The sales tax rate can vary depending on the location, and it is usually expressed as a percentage of the purchase amount.
The calculator will then calculate the total cost of the purchase, including the sales tax. Some calculators may also have the option to add multiple items and then calculate the sales tax for all of them, and also split the tax among different tax rates if applicable.
Some sales tax calculators can also be integrated into a point-of-sale (POS) system or an e-commerce platform to automatically calculate and charge the correct amount of sales tax at the time of purchase.
It's important to note that sales tax laws and rates can change frequently, and a sales tax calculator may not always have the most up-to-date information. It's always good to verify the information with the local tax authority.
How to calculate sales tax with our online sales tax calculator?
There are many free online sales tax calculators available, such as FriskyFix.Com Sales Tax Calculator. These tools require an input of the purchase amount and the sales tax rate (usually expressed as a percentage) and then calculate the total cost of the purchase, including the sales tax.
Regardless of the method used, to calculate the sales tax you will need the purchase amount and the sales tax rate. The purchase amount is the total cost of the item/items before tax, and the sales tax rate is the percentage at which the sales tax is calculated.
For example, if the purchase amount is $100 and the sales tax rate is 8%, you would calculate the sales tax as $100 x 8% = $8. And the total cost of the purchase with tax would be $100 + $8 = $108.
How do you calculate tax percentages?
To calculate the tax percentage, you can use the following formula:
(Tax Amount / Cost of Item) x 100 = Tax Percentage
For example, if the cost of an item is $100 and the sales tax is $8, you would calculate the sales tax percentage as follows:
($8 / $100) x 100 = 8%
Another way to calculate the tax percentage is by using the formula:
(Total Amount – Cost of Item) / Cost of Item x 100 = Tax Percentage
For example, if the cost of an item is $100 and the total amount including tax is $108, you would calculate the sales tax percentage as follows:
( $108 - $100) / $100 x 100 = 8%
It's important to note that the tax rate can change depending on the location or the type of goods or services being purchased, so it's always good to check with the local tax authority for the most up-to-date information.