What Is Sales Tax Payable?
June 3, 2024 ⚊ 1 Min read ⚊ Views 12 ⚊ BUSINESS
Calculating sales tax is straightforward. It involves multiplying the sale price of an item by the sales tax rate. For instance, if the sales tax rate is 7% and you’re buying a product worth $100, the sales tax would be $7, making the total cost $107.
Tags: quickbooks, QuickBooks Support
