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I am trying to set up 2 calculations for our sales tax.
(1) The local tax is 2.25% of the sale up to the first $1600 of the sale or a maximum local tax of $36. If the sale is $3000 the tax is still $36. If the sale is less than $1600 then the tax is 2.25% of that amount. (2) There is a state tax of 7% on the total sale. There is an additional state tax of 2.75% (single item purchase tax) on the amount of the sale between $1600 and $3200 or a maximum of $44. So if you have a sale of $10,000 there is a state tax of 7% on the total ($700), local tax of $36 plus a state single item purchase tax of $44. A formula for this will be greatly appreciated! Jim |
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