The sales tax calculator allows you to compute the sales tax amount/rate and after-tax price based on the given parameters.
The sales tax calculator is a free financial tool used to determine the product price including tax. Simply enter the pre-tax price of item and applicable sales tax rate in percentage. As a result, you will get total price of item and tax amount. So, it's helpful for individuals, businesses, and retailers to quickly calculate the final price of a product.
It's a consumption tax that is imposed by the US government on selling goods and services. Moreover, this tax is collected by vendors from the consumers when they make purchase.
Follow the steps below:
Suppose, the pre-tax price is $45.99 and the sales tax is 7.5%. Calculate the sales tax amount and final price.
Solution:
Here, pre-tax price = $45.99 and tax percentage = 7.5%.
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