Biz income for quarter, was $12,742.16, including 8.25 % tax added. What is the amount taxed formula?
Quick books has wrong figures for my income and taxes I owe. Invoices to customers included 8.25% state tax added to my charges. My total collected and deposited for the quarter was $12,747.16. Is there a way to figure out what my base income was before the 8.25% was added in without going through scores of individual invoices and payments?
Public Comments
- Income x (1.0825) = 12742.16 Income = 12742.16/1.0825 = 11 771.05
