๐ฐ Financial
Sales Tax Calculator
Quickly calculate the sales tax amount and total price of a purchase, or work backward to find the pre-tax price from a total receipt.
โณ
Formula
Total Price = Pre-Tax Price ร (1 + (Tax Rate / 100))
Pre-Tax Price = Total Price / (1 + (Tax Rate / 100))Pre-Tax Price- The cost of the item before taxes
Tax Rate- The applicable sales tax percentage
Total Price- The final price paid at the register
Example
Working Backwards from a Receipt
You lost a receipt but know your credit card was charged $158.34, and your local sales tax rate is 8.25%.
- Select "Calculate Pre-Tax Price".
- Convert tax rate to a decimal divisor: 1 + 0.0825 = 1.0825.
- Divide total by divisor: $158.34 / 1.0825 = $146.27.
- Result: The item cost $146.27, and the tax was $12.07.
Frequently Asked Questions
No. Depending on your jurisdiction, essential goods like groceries or clothing may be tax-exempt or taxed at a lower rate, while prepared foods or luxury items might carry additional local taxes.