Concept explainers
Monthly Sales Tax
A retail company muse file a monthly sales tax report listing the sales for die month and the amount of sales tax collected. Write a
If the total amount collected is known and the total sales tax is 6 percent, the amount of product sales may be calculated as
where S is the product sales and T is the total income (product sales plus sales tax). The program should display a report similar to the following:
Month: August 2016 | |
Total Collected: | $26572.89 |
Sales: | $25068.76 |
County Sales Tax: | $501.38 |
State Sales Tax: | $1002.75 |
Total Sales Tax: | $1504.13 |
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