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Calculation of State Sales Tax Sales Tax Calculation: Gross sales $ 1,800,000 Items purchased out of state 30,000 Items purchased under resale certificate but used
Calculation of State Sales Tax
Sales Tax Calculation:
Gross sales $ 1,800,000
Items purchased out of state 30,000
Items purchased under resale certificate but used 6,000
Food sales ( included in gross ) 180,000
Sales to Federal Government ( in gross ) 42,000
Sales to non-profit organizations ( in gross ) 12,000
Amounts subject to the Single Article Rate 13,800
Using the examples given in Resources, calculate the amount of sales tax due. Assume Knoxville area location for local option rate.
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