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Reverse Sales Tax

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Pro Tip

The common mistake: dividing by (1 - tax rate) instead of (1 + tax rate). If the total is $108 with 8% tax: wrong = $108 / 0.92 = $117.39, correct = $108 / 1.08 = $100.

Did You Know?

Many businesses and accountants use reverse tax calculations daily. For receipts that only show a total, the pre-tax amount is needed for accounting — tax is expensed separately from the purchase price.

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