How do I figure the sales tax portion of a purchase?

Answer Add 1 to the sales tax rate. For example, if the sales tax rate is 0.04, you would add 1 to get 1.04.Divide your total purchase price by the sales tax rate plus 1 to find the price before tax. In t... Read More »

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How to Figure the Taxable Portion of Annuities?

Because of their tax advantages, annuities can be a useful tool for retirement planning. Investments in an annuity grow tax deferred. Taxes on investment gains do not need to be paid until they are... Read More »

How do I figure sales tax in New York?

Add It UpLocate the total sales tax rate for the city or county you are shopping in using Rand's New York tax rate charts (see Resources). Alternatively, combine local sales tax rate and local tran... Read More »

How do I figure out sales tax paid?

Add One to Sales Tax RateAdd one to the sales tax rate expressed as a decimal. For example, if the sales tax is 3.4 percent, or 0.034 as a decimal, you would add one to 0.034 to get 1.034.Get Preta... Read More »

How to Figure Out Sales Tax for California?

The California State Board of Equalization imposes a sales tax on purchases made within the state boundaries. Retailers are responsible for paying the tax to the state, but can pass it along to con... Read More »