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-   -   Gross sales $124,000 86,000 non taxable sales. Tax rate 8.25%. How much tax do I owe (https://www.askmehelpdesk.com/showthread.php?t=786004)

  • Mar 4, 2014, 02:09 PM
    CapitolBee916
    Gross sales $124,000 86,000 non taxable sales. Tax rate 8.25%. How much tax do I owe
    I am a business owner in CA and it is time to calculate the taxes owed to Board of Equalization. My gross sales are $124,000 with a total of $86,000 in non-taxable sales. The current tax rate is 8.25%, what is the amount of taxes that I owe to the Board of Equalization?
  • Mar 4, 2014, 02:18 PM
    ma0641
    Pretty basic math. Gross -nontaxable =taxable X %. You can do that!
  • Mar 4, 2014, 05:07 PM
    AtlantaTaxExpert
    Yes, it is so basic that I doubt the OP is actually a business owner, but rather a student looking for help with a homework problem.

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