Terry D EA Posted December 4, 2018 Report Share 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 Link to comment Share on other sites More sharing options...
Evan S. Golar Posted December 4, 2018 Report Share 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 Link to comment Share on other sites More sharing options...
Terry D EA Posted December 4, 2018 Author Report Share 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 Link to comment Share on other sites More sharing options...
Catherine Posted December 4, 2018 Report Share 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 Link to comment Share on other sites More sharing options...
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