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Sales Tax Calculation


Terry D EA

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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

 

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