Chapter 3, Problem 14PC

Monthly Sales Tax

A retail company must file a monthly sales tax report listing the sales for the month and the amount of sales tax collected. Write a program that asks for the month, the year, and the total amount collected at the cash register (i.e. sales plus sales tax). Assume the state sales tax is 4 percent, and the county sales tax is 2 percent.

If the total amount collected is known and the total sales tax is 6 percent, the amount of product sales may be calculated as:

$S=\frac{T}{1.06}$

S is the product sales and T is the total income (product sales plus sales tax).

The program should display a report similar to:

Month: October

Total Collected:	$ 26572.89
Sales:	$ 25068.76
County Sales Tax:	$ 501.38
State Sales Tax:	$1002.75
Total Sales Tax:	$ 1504.13