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Old 06-14-2014, 01:00 PM
folkh folkh is offline
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Join Date: Mar 2012
Location: PA, Village of Springdale
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Quote:
Originally Posted by Indydealmaker View Post
The premise is that the monthly rent amount "includes" tax. Since you cannot charge tax on a tax. The monthly rent amount must be less than $1000 with the remainder being the tax. It is the same thing as saying the monthly rent is:
$934.58 plus sales tax of $65.42 (934.58 x .07)
Thanks Indy, didn't think of that!!