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    CapitolBee916's Avatar
    CapitolBee916 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 4, 2014, 02:09 PM
    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?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Mar 4, 2014, 02:18 PM
    Pretty basic math. Gross -nontaxable =taxable X %. You can do that!
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Mar 4, 2014, 05:07 PM
    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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