=((b2*c2)*1.0485) Answer from CatsRock25 on reddit.com
TaxCloud
taxcloud.com › home › how to calculate sales tax in excel
How To Calculate Sales Tax in Excel - TaxCloud
September 13, 2025 - On a blank workbook, label the first row with a suitable heading for a total of 4 Excel columns; “Sales Amount,” “Tax Rate,” “Sales Tax,” and “Total Amount.” · The first column will consist of values of the number of sales for the given products and services. The tax rate column will denote the sales tax percentage for each product or service sold.
ExtendOffice
extendoffice.com › documents › excel › how to calculate sales tax in excel?
How to calculate sales tax in Excel?
In this formula, E4/(1+E2) calculates the price before tax, then subtracts it from the total to isolate the tax. For instance, if E4 is 108 and E2 is 0.08, the result will be8, reflecting the included tax. ... Always enter the tax rate as a decimal (e.g., 0.08 for 8%) or percentage format.
Videos
01:43
How to Calculate Sales Tax in Excel - YouTube
03:56
How to Calculate Reverse Sales Tax in Excel - YouTube
07:58
Excel Sales Tax Calculation using ROUND Function - YouTube
02:16
How to Calculate Price Before and After Taxes in Microsoft Excel ...
02:14
How to Calculate Sales Tax in Excel | How to calculate sales tax ...
What are the two ways to calculate sales tax in Excel?
There are two methods: 1) adding sales tax as a separate line item by multiplying the price by the tax rate, and 2) applying sales tax directly to the price by multiplying the price by (1 + tax rate).
sourcetable.com
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How To Calculate Sales Tax In Excel
What is the Excel formula for calculating price including sales tax directly?
The formula is =C4*1.05 (where 1.05 represents a 5% tax rate), which will show the total price with tax included without displaying the tax as a separate line.
sourcetable.com
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How To Calculate Sales Tax In Excel
What is the Excel formula for calculating sales tax as a separate line item?
The formula is =C8*C9, where one cell contains the price and the other cell contains the tax rate.
sourcetable.com
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How To Calculate Sales Tax In Excel
Statology
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How to Calculate Sales Tax in Excel (With Examples)
September 12, 2023 - This tutorial explains how to calculate sales tax in Excel, including an example.
Reddit
reddit.com › r/excel › how do i get the sum to reflect the total, including sales tax?
r/excel on Reddit: How do I get the SUM to reflect the total, including sales tax?
January 26, 2023 -
Hey there!
I used to be good with excel, and I have lost that since I left management. Anyways, I am trying to multiply 2 values B2*C2 to get a total in collum D2, but I need that total to reflect the SUM x the sales tax rate. The formulas I keep throwing in are giving me weird numbers. Essentially I am trying to figure out the formula to get the SUM of the values of B2 and C2 and multiply it by the sales tax and have the final amount including the sales tax. Essentially B2*C2= $8,597.34, but I need the total to reflect the 4.85% sales tax so the total I need to be in D2 is $9,014.32
Is there a way to do like SUM*.485?
Excel for Mac Version 16.69.1 licensed with Microsoft 365 Subscription
Corporate Finance Institute
corporatefinanceinstitute.com › home › resources › sales tax decalculator
Sales Tax Decalculator - Formula to Get Pre-Tax Price from Total Price
January 12, 2024 - The Excel sales tax decalculator works by using a formula that takes the following steps: Step 1: take the total price and divide it by one plus the tax rate
Sourcetable
sourcetable.com › how-to-excel › how-to-calculate-sales-tax-in-excel
How To Calculate Sales Tax In Excel
To calculate inclusive sales tax in Excel, where the tax is included in the total amount, divide the total price by 1 plus the sales tax rate. Use the formula =Total_Price/(1+Sales_Tax_Rate) to find the net price.
Published October 30, 2024
Chron.com
smallbusiness.chron.com › enter-excel-formula-price-plus-tax-18333.html
How to Enter an Excel Formula With Price Plus Tax
December 14, 2019 - If the sales tax is 5%, for example, then the final price is 105% of the pretax amount. To get this amount, multiply the pretax price by 1.05. ... In this example, the cell containing the pretax amount is located in cell C4.
TutorialsPoint
tutorialspoint.com › how-to-calculate-sales-tax-in-excel
How to calculate sales tax in Excel?
There is a possibility that you will be able to negotiate the price exclusive of tax Under these conditions, calculating the amount of sales tax that must be paid requires doing nothing more complicated than multiplying the purchase price by the tax rate that is in effect.
Quaderno
quaderno.io › blog › taxes › how to calculate sales tax in excel
How to calculate sales tax in Excel
1 month ago - For smoother workflows, many teams use data ingestion tools to automatically import sales records and tax data into Excel. This reduces manual entry and ensures your calculations always reflect the latest transactions. Let’s walk through it with an example. ... Click the small square at the bottom right of the cell. Drag it down to copy the formula to the remaining rows. Or double-click the fill handle to let Excel auto-fill the column. ... Select columns B, D, and E, then format them as Currency. Format C as a Percentage.
Excel Forum
excelforum.com › excel-formulas-and-functions › 1153850-how-to-calculate-sales-tax-and-service-charge-from-an-invoice-total-without-a-subtotal.html
How to calculate Sales Tax and Service charge from an invoice total without a subtotal [SOLVED]
Using a bit of algebra, let the ... the formula to find the sales amount given the invoice total, tax percentage and service charge percentage is: =F5/(1+B5+D5) From there use the formulas you already have in C2 and E2 Let me know if you have any questions....
The Bricks
thebricks.com › resources › how-to-calculate-sales-tax-in-excel
How to Calculate Sales Tax in Excel
This formula subtracts the discount amount from the total price, giving you the final price. As always, use the drag and fill technique to apply this formula to other items. With discounts factored in, your spreadsheet becomes even more versatile and reflective of real-world scenarios. Excel comes packed with built-in functions that can simplify your life even further. While basic arithmetic gets the job done for sales tax, understanding some of these functions can enhance your spreadsheet's capabilities.
Earn and Excel
earnandexcel.com › home › blog › how to calculate sales tax in excel
How to Calculate Sales Tax in Excel - Earn and Excel
March 15, 2025 - Subtract the price value from the total price by entering the following formula in Cell C7: =C6-C4 · Press the Enter button to obtain the sales tax amount through simple subtraction.
YouTube
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How to Calculate Sales Tax in Excel - Tutorial - YouTube
In this video I will show you how to calculate sales Tax in Microsoft Excel Do Subscribe to My Channel for More...Subscribe for More ►►► http://bit.ly/2PLMnH...
Published December 20, 2019
ExcelDemy
exceldemy.com › home › excel for finance › how to calculate the sales tax in excel – 4 methods
How to Calculate the Sales Tax in Excel - 4 Methods - ExcelDemy
August 2, 2024 - Subtract the price value from the total price to get the tax amount: Go to C7 and enter the following formula. ... Press Enter. This is the output. Calculate the tax based on the product price and tax rate.
Microsoft Support
support.microsoft.com › en-us › office › format-numbers-as-percentages-in-excel-de49167b-d603-4450-bcaa-31fba6c7b6b4
Format numbers as percentages in Excel - Microsoft Support
If B2 is the price and C2 is the sales tax, you can type the formula =B2*C2 in D2, as shown here:
Microsoft Support
support.microsoft.com › en-us › office › calculate-percentages-6b5506e9-125a-4aba-a638-d6b40e603981
Calculate percentages - Microsoft Support
The result is $71.20, which is the sales tax amount for the computer.
SpreadsheetConverter
spreadsheetconverter.com › support › tutorials › create-a-simple-sales-tax-calculator
Create a simple sales tax calculator - SpreadsheetConverter
March 29, 2018 - We start with a very simple Excel spreadsheet, and create a web page that looks the same and calculates the same. We’ll then publish the web page on the web and add the calculator to an existing web page in WordPress. For European visitors, we have also provided a version of this tutorial for value-added tax (VAT). It is a simple spreadsheet that takes a user entered price and tax rate, and displays the sales tax amount and the total price with sales tax.
Sourcetable
sourcetable.com › how-to-excel › how-to-add-tax-on-excel
How To Add Tax In Excel
Create a spreadsheet with four ... columns, then create a formula in the 'Sales Tax' column by multiplying the sales amount by the tax rate (=A2*B2)....
Published October 30, 2024
The Bricks
thebricks.com › resources › guide-how-to-calculate-tax-from-total-amount-in-excel
How to Calculate Tax from Total Amount in Excel
We want to divide the Total Amount (cell B2) by (1 + the tax rate). Click on cell C2. ... Press Enter. You will see the original price before tax. Here, 0.08 represents the 8% tax rate.
Reddit
reddit.com › r/excel › how to create a formula for total given sales tax percentage?
r/excel on Reddit: How to Create a Formula For Total Given Sales Tax Percentage?
November 4, 2021 -
Hello!
I am needing help to create a formula for a total column. It currently looks like this (the cell are defined names):
| Subtotal | -9.50 | |
|---|---|---|
| Sales tax | 8.75% | |
| TOTAL | =subtotal + Sales tax |
Whenever subtotal is zero/dash the TOTAL area displays 0.09 , I need it to show a zero/dash instead.
I appreciate y'all's help, Thank you!
Top answer 1 of 4
3
=IF(Subtotal=“-“,0,Subtotal*(1+SalesTax)) If this doesnt work then reply with what format your subtotal and sales tax cells are, e.g. text, percentage, general
2 of 4
3
Also I think you’re getting 0.09 because for some reason you’re adding the subtotal to the percentage and then it’s rounding. 0+8.75% means 0+0.0875 which rounds to 0.09. That’s not how you apply percentage. 8.75% of x is x*0.0875 not x+0.0875.