Sales Tax Calculator
Calculate the amount of sales tax that should be added to a purchase.
Result
| Net Amount | ||
|---|---|---|
| Tax Rate | ||
| Gross Amount |
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A Sales Tax Calculator is a tool or software program that calculates the amount of sales tax that should be added to a purchase.
Sales tax is a percentage-based tax that is added to the purchase price of certain goods and services. The rate of sales tax varies by jurisdiction, such as state, city, or county. Sales tax is typically added to the total price of a purchase, including any applicable fees, such as shipping or handling.
A Sales Tax Calculator works by taking the purchase price and multiplying it by the sales tax rate to determine the amount of sales tax that should be added to the purchase. For example, if the purchase price is $100 and the sales tax rate is 7%, the sales tax would be $7, resulting in a total purchase price of $107.
Sales tax calculators can be found in various forms, such as online tools, mobile apps, or built-in features in point-of-sale systems. They are useful for both consumers and businesses, as they can help ensure that the correct amount of sales tax is applied to a purchase, and can also help businesses calculate their sales tax liability for reporting and compliance purposes.