Calculator-Online.net

CALCULATOR

ONLINE

Calculator-Online.net

Calculator

Online

Your Result is copied!
ADVERTISEMENT

Reverse Sales Tax Calculator

Enter the Final Price and Sales Tax Rate in the tool and the calculator will find the original price before sale tax.

$
%

Add this calculator to your site

ADVERTISEMENT
ADVERTISEMENT
The reverse sales tax calculator calculates the original price of a product or service before sales taxes are added.

Why Calculate Reverse Sales Tax?

The reverse sales tax assists companies to locate the overpaid taxes. You can calculate price before tax of a product by reverse sales tax. The vendor may charge the extra tax on the invoices as the sales tax ratio is different in various states of the US.  The sales tax reverse calculator enables reclaiming the extra sales tax paid. You can identify the overpaid sales taxes to calculate price before tax of a product or service. The only thing to reclaim sales tax is to save every receipt of purchase.

Reverse Sales Tax Calculations:

The sales tax is the dollar amount of the sales tax paid. The sales tax percentage is applied according to state sales tax laws. It is simple to deduct the sales tax from the original price by the reverse sales tax calculator. Original Price  = Final Price  - Sales Tax Sales Tax Rate = Sales Tax Percent / 100 Original Price = Final Price / (1 + (Sales Tax/100)) Sales Tax = Original Price x Sales Tax Rate Price before tax calculator estimates the overpaid sales tax by applying a state-specific tax rate.

How to Find Price Before Tax?

Let’s suppose the final price of a product is $1000 and customers are paying 5% sales tax on the product. Then what is the original price of the product?

Given:

Final Price = $1000 Sales tax = 5%  Original Price =?

Solution:

The reverse sales tax calculations are used to find the original price of the product. Original Price = Final Price / (1 + (Sales Tax/100)) Original Price = 1000 / (1 + (5/100)) Original Price = $952.38

Working of the Reverse Sales Tax Calculator:

The price before tax is simple to calculate by the price before tax calculator Let’s find out how! Input:
  • Enter the final price and sales tax rate
  • Tap Calculate
Output:
  • Original price
  • Step-by-step calculation 

FAQs:

What Is the Sales Tax?

The sales tax is the tax paid to the Government for the sales of goods and services. Retailers collect the sales tax at the point of sale and then pass it to the government.

How Do You Calculate Sales Tax Backwards From a Total?

You can calculate sales tax by deducting the total Price with tax from the price before tax. To avoid over-drafting of the invoices use our reverse sales tax calculator.   Sales Tax = Total Price with Tax - Price before Tax 

What Are the Net Price and Gross Prices?

The net price is actually the final price of the product and the gross price is the original price of the product. The tax reverse calculator utilizes the formulas below to find the gross price and net price. Gross Price = Net Price + Sales Tax Amount Gross Price = Net Price * (1 + (Sales Tax Percentage / 100)) Net Price = Gross Price / (1 + (Sales Tax Percentage / 100))

State & Local Sales Tax Rates in the US:

The latest sales tax rate applies in the various states of the US from July 1, 2023.
State State Tax Rate Rank Avg. Local Tax Rate Combined Rate Rank Max Local Tax Rate
Alabama 4.00% 40 5.237% 9.237% 5 7.50%
Alaska 0.00% 46 1.813% 1.813% 46 7.50%
Arizona 5.60% 28 2.771% 8.371% 11 5.30%
Arkansas 6.50% 9 2.943% 9.443% 3 6.13%
California (a) 7.25% 1 1.601% 8.851% 7 4.75%
Colorado 2.90% 45 4.891% 7.791% 15 8.30%
Connecticut 6.35% 12 0.000% 6.350% 33 0.00%
Delaware 0.00% 46 0.000% 0.000% 47 0.00%
Florida 6.00% 17 1.019% 7.019% 24 2.00%
Georgia 4.00% 40 3.394% 7.394% 19 5.00%
Hawaii (b) 4.00% 40 0.443% 4.443% 45 0.50%
Idaho 6.00% 17 0.021% 6.021% 37 3.00%
Illinois 6.25% 13 2.588% 8.838% 8 4.75%
Indiana 7.00% 2 0.000% 7.000% 25 0.00%
Iowa 6.00% 17 0.934% 6.934% 29 1.00%
Kansas 6.50% 9 2.250% 8.750% 9 4.25%
Kentucky 6.00% 17 0.000% 6.000% 38 0.00%
Louisiana 4.45% 37 5.097% 9.547% 2 7.00%
Maine 5.50% 29 0.000% 5.500% 42 0.00%
Maryland 6.00% 17 0.000% 6.000% 38 0.00%
Massachusetts 6.25% 13 0.000% 6.250% 35 0.00%
Michigan 6.00% 17 0.000% 6.000% 38 0.00%
Minnesota 6.88% 6 0.648% 7.523% 17 2.00%
Mississippi 7.00% 2 0.062% 7.062% 22 1.00%
Missouri 4.23% 38 4.137% 8.362% 12 5.88%
Montana (c) 0.00% 46 0.000% 0.000% 47 0.00%
Nebraska 5.50% 29 1.471% 6.971% 28 2.00%
Nevada 6.85% 7 1.386% 8.236% 13 1.53%
New Hampshire 0.00% 46 0.000% 0.000% 47 0.00%
New Jersey (d) 6.63% 8 -0.024% 6.601% 30 3.31%
New Mexico (b) 4.88% 34 2.726% 7.601% 16 4.06%
New York 4.00% 40 4.532% 8.532% 10 4.88%
North Carolina 4.75% 35 2.246% 6.996% 27 2.75%
North Dakota 5.00% 32 2.038% 7.038% 23 3.50%
Ohio 5.75% 27 1.488% 7.238% 20 2.25%
Oklahoma 4.50% 36 4.486% 8.986% 6 7.00%
Oregon 0.00% 46 0.000% 0.000% 47 0.00%
Pennsylvania 6.00% 17 0.341% 6.341% 34 2.00%
Rhode Island 7.00% 2 0.000% 7.000% 25 0.00%
South Carolina 6.00% 17 1.499% 7.499% 18 3.00%
South Dakota (b) 4.20% 39 1.908% 6.108% 36 4.50%
Tennessee 7.00% 2 2.548% 9.548% 1 2.75%
Texas 6.25% 13 1.948% 8.198% 14 2.00%
Utah (a) 6.10% 16 1.098% 7.198% 21 4.20%
Vermont 6.00% 17 0.359% 6.359% 32 1.00%
Virginia (a) 5.30% 31 0.467% 5.767% 41 2.70%
Washington 6.50% 9 2.897% 9.397% 4 4.10%
West Virginia 6.00% 17 0.566% 6.566% 31 1.00%
Wisconsin 5.00% 32 0.429% 5.429% 44 1.75%
Wyoming 4.00% 40 1.441% 5.441% 43 2.00%
D.C. 6.00% 0.000% 6.000% 0.000%

References:

From the source of Taxfoundation.org: Reverse sales Tax, Combined rates From the source of wikipedia.org: Sales tax in US, Taxable items
Online Calculator

CALCULATOR

ONLINE

Get the ease of calculating anything from the source of calculator online

© Copyrights 2024 by Calculator-Online.net