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Sales Tax Amount Formula

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Sales Tax Amount is the amount of consumption tax imposed by the government on the sale of goods and services. Check FAQs

STA = P \cdot (\frac{ST}{100})

STA - Sales Tax Amount?P - Price?ST - Sales Tax Percentage?

Sales Tax Amount Example

With values

With units

Only example

Here is how the Sales Tax Amount equation looks like with Values.

Here is how the Sales Tax Amount equation looks like with Units.

Here is how the Sales Tax Amount equation looks like.

56.25 = 900 \cdot (\frac{6.25}{100})

56.25 = 900 \cdot (\frac{6.25}{100})

56.25 = 900 \cdot (\frac{6.25}{100})

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Sales Tax Amount Solution

Follow our step by step solution on how to calculate Sales Tax Amount?

FIRST Step Consider the formula

STA = P \cdot (\frac{ST}{100})

Next Step Substitute values of Variables

∴

STA = 900 \cdot (\frac{6.25}{100})

Next Step Prepare to Evaluate

∴

STA = 900 \cdot (\frac{6.25}{100})

LAST Step Evaluate

∴

STA = 56.25

Sales Tax Amount Formula Elements

Variables

Sales Tax Amount

Sales Tax Amount is the amount of consumption tax imposed by the government on the sale of goods and services.

Symbol: STA

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Sales Tax Amount

Price

Price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.

Symbol: P

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Price

Sales Tax Percentage

Sales Tax Percentage is the percentage of the sales tax imposed on goods and services.

Symbol: ST

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Sales Tax Percentage

Other formulas in Tax category

Go Tax Equivalent Yield

TEQY = \frac{TFY}{1 - TR}

Go Total Sales Tax

TST = P + STA

Go Effective Tax Rate

ETR = \frac{TEE}{EBT}

Go Taxable Income for Individual

TII = GTI - ⌈ TE ⌉ - TD

How to Evaluate Sales Tax Amount?

Sales Tax Amount evaluator uses Sales Tax Amount = Price*(Sales Tax Percentage/100) to evaluate the Sales Tax Amount, Sales Tax Amount is the amount of consumption tax imposed by the government on the sale of goods and services. Sales Tax Amount is denoted by STA symbol.

How to evaluate Sales Tax Amount using this online evaluator? To use this online evaluator for Sales Tax Amount, enter Price (P) & Sales Tax Percentage (ST) and hit the calculate button.

FAQs on Sales Tax Amount

What is the formula to find Sales Tax Amount?

The formula of Sales Tax Amount is expressed as Sales Tax Amount = Price*(Sales Tax Percentage/100). Here is an example- 56.25 = 900*(6.25/100).

How to calculate Sales Tax Amount?

With Price (P) & Sales Tax Percentage (ST) we can find Sales Tax Amount using the formula - Sales Tax Amount = Price*(Sales Tax Percentage/100).

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Sales Tax Amount Formula

Sales Tax Amount Example

Sales Tax Amount Solution

Sales Tax Amount Formula Elements

Other formulas in Tax category

How to Evaluate Sales Tax Amount?

FAQs on Sales Tax Amount

Variable Name