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Old 06-13-2014, 03:55 PM
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jane032657 jane032657 is offline
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My husband is a CPA and says this is correct.

If sales tax is 7%,you divide by 1.07.

If the rent is $1000 you divide by 1.07:
$934.58 for the rent and the difference between that and the $1000 would be the tax.

You just divide the total by 1.07 or whatever the sales tax is.