Terry D EA Posted December 4, 2018 Report Posted December 4, 2018 Math Guru's help me with this problem. Trying to back into some figures in a client's books. Is this possible to do? Total sales = $35,038.71 NC Sales Tax rate= 6.75% /.0675 Tax paid = $1470.89 What portion of the total sales are tax exempt sales with the difference equaling taxable sales with a tax liability of $1470.89 Quote
Evan S. Golar Posted December 4, 2018 Report Posted December 4, 2018 $ 1,470.89 divided by 0.0675 = $ 21,791 taxable sales Total Sales $ 35,039 - Taxable 21,791 Nontaxable sales $ 13,248 5 Quote
Terry D EA Posted December 4, 2018 Author Report Posted December 4, 2018 Damn that was easy. I guess I really went off the deep end and way over thought the math. THANK YOU! 1 2 Quote
Catherine Posted December 4, 2018 Report Posted December 4, 2018 16 hours ago, Terry D said: Damn that was easy. I guess I really went off the deep end and way over thought the math. THANK YOU! We ALL do it on occasion! Quote
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