A5032ENG.DOC New 11-language guidebook Pat Hatcher Revised: 06/16/00 10:48 AM Printed: 06/22/00 4:18 PM Page 4 of 6
ENG (English)
Tax-rate calculations
To set the tax rate
To perform calculations
SET CALC
SET CALC
TAX
TAX
Storing a Tax Rate
1. Set
TAX=SET
. The currently stored tax rate is printed
and displayed.
2. Key in the tax rate. For example, if the tax rate is
7.5%, key in
7.5
.
3. Set
TAX=CALC
. The tax rate you entered is printed
and stored for use in tax calculations.
Note: The tax rate you entered remains stored when the
calculator is turned off, but not if it is unplugged or the
batteries removed.
Calculating Taxes
P
Calculates the tax (using the stored tax rate) and
adds it to the pretax sales amount.
Q
Calculates the tax (using the stored tax rate) and
subtracts it from the displayed value to find the
pretax sales amount.
Calculating Sales Tax
Calculate the total invoice for a customer who orders
items that cost £189, £47, and £75. The sales tax rate is
6%.
First, store the tax rate.
1. Set
TAX=SET
.
2. Key in
6
.
3. Set
TAX=CALC
.
6.%
is printed.
POWER=PRT, ROUND=5/4, DECIMAL=2, TAX=CALC
2
189
9
189.00
189.00
+
47
9
236.00
47.00
+
75
9
311.00
75.00
+
E
311.00
311.00
∗
P
311.00
◊
6. %
18.66
◊
329.66
329.66
∗
£18.66 is the tax on £311.00, and £329.66 is the total cost
including tax.
Combining Taxed and Untaxed Items
What is the total for a £342 item that is taxed and a £196
item that is not taxed? (Use the currently stored tax rate.)
POWER=PRT, ROUND=5/4, DECIMAL=2, TAX=CALC
2
342
P
342.
6. %
20.52
◊
362.52
362.52
∗
9
362.52
362.52
+
196
9
558.52
196.00
+
E
558.52
558.52
∗
Subtracting Tax
Today, your business had receipts of £1,069.51. The
sales tax rate is 8.25%. What were your total sales?
1. Set
TAX=SET
.
2. Key in
8.25
.
3. Set
TAX=CALC
.
8.25%
is printed.
POWER=PRT, ROUND=5/4, DECIMAL=2, TAX=CALC
2
1069.51
Q
1069.51
8.25 %
-
81.51
◊
988.00
988.00
∗
£81.51 is the tax on total sales of £988.00.
ENG (English) 4