Tax?
January 24, 2009 by Tax Blog
Filed under Questions & Answers
Da Freak asked:
What would tax be on $127.50? i need the answers to this question in 10 mins. or less.
it is sales tax what is the sales tax rate
What would tax be on $127.50? i need the answers to this question in 10 mins. or less.
it is sales tax what is the sales tax rate
key k on Tue, 27th Jan 2009 3:05 am
Depends on what the tax rate is. Are you talking about sales tax or income tax. Multiply the tax rate by your total ($127.50) and that will be your tax.
David B on Fri, 30th Jan 2009 1:39 pm
Umm, tax depends on where you are. In Los Angeles, it’s 8.25%. Your location might be higher or lower. Every city determines their own sales tax rate.
Get the tax, for instance, 8.25%. The % sign means to move the digit to the left twice, so now you get 0.0825 . Multiply this number to the amount, and you’ll get your tax, for instance:
0.0825 * 127.50 = 10.51875
Round it, and it’ll be $10.52.
If you’re buying something, and you want to add the tax automatically, change the number before the decimal place to 1, so that you get:
1.0825 * 127.50 = 138.01875, which is $137.02 when you round it up.
BeachBum on Sun, 1st Feb 2009 8:34 pm
If you lived in Pennsylvania, the tax would be $7.65 for a total of $135.15. If you lived in Delaware or New Hampshire the tax would be zero, as neither state has sales tax.