How is sales tax calculated? The main formula is: the price multiplied by sales tax rate, see more formulas, lots of examples, get free Excel calculator.
What is sales tax? It is a consumer tax charged to customers and paid on to the government by the business making the sale. Technology can help automate this process.
The main types of bookkeeping accounts are assets, liabilities, equity, revenue and expenses which can be further classified into real and nominal accounts