Need the formula to add the sales tax amount on invoices.
2007-06-05 10:54:28 · 7 answers · asked by raidergirlmissy75 2 in Business & Finance ➔ Taxes ➔ United States
(item cost X 0.875) + Item cost = total cost
2007-06-05 11:49:59 · answer #1 · answered by ? 6 · 0⤊ 0⤋
If you wanted to figure out the invoice total with tax included the simplest formula is this:
Invoice amount x 1.0875 = invoice + tax
Its one less step than the others suggested above of:
(Invoice amount x .0875) + invoice amount
2007-06-05 12:31:14 · answer #2 · answered by MinocStriker 2 · 0⤊ 0⤋
Item Amount x .0875 = Sales Tax Amount
2007-06-05 10:57:48 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋
invoice amount X 8.75% = sales tax.
2007-06-05 11:02:16 · answer #4 · answered by j 4 · 0⤊ 1⤋
Just be sure that you remit the sales tax that you collect to CA.
2007-06-05 12:06:57 · answer #5 · answered by Steve 6 · 0⤊ 0⤋
you're using Tally sofware to your company. there is provision in Tally itself to offer bill Numbers Manually. that way you could segrigate revenues bill and repair Tax bill.
2016-11-05 01:17:19 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Divide to add,,mulyiply to subtract....let's say your invoice is $125.00 and you need to add 8.75% to it....on your calculator enter 125.00 divide by .9125 equals 136.99 rounded up..
2007-06-05 11:01:45 · answer #7 · answered by Lee B 3 · 0⤊ 2⤋