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Undergrad Backing Out Sales Tax from Gross Total - Auditor Question
does anyone know the formula to back out sales tax from a gross total - I am an auditor and I need to back out sales tax ie: gross sales 50,859.18 - this total includes sales tax at 12.25% - i need the formula to back out the sales tax form the gross sales - ANy one know??- Joanie824
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- Taxes
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- Forum: General Math