Sales tax is a percentage of a retail price. To calculate it, convert the state sales tax percentage to a decimal, then multiply it by the retail price of the product or service. For example, let's ...
Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, technology, and more. Erika Rasure is globally-recognized as a leading consumer ...
Knowing how to calculate sales tax is important, especially if you’re saving up for a large purchase. To calculate sales tax, ...