How do you calculate Sales tax? Sales tax is calculated by multiplying the dollar amount and the tax percent for example. If the purchase is $5 and tax is 7% (5 x .07=.35) then you add the dollar amount to the tax amount. (5 + .35 =5.35).
An easier way to get the total of your purchase is to say (5 x 1.07 =5.35) |
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How much do I pay in Taxes if you make $xxxx? Click the link below to find out. Put in 3 amounts and write down what you come up with.
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W2 is a form that every working person has to fill out to inform your employer of the amount of taxes they need to take out of your pay check.
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