View Single Post
 
Old 06-14-2014, 01:00 PM
folkh folkh is offline
Senior Member
Join Date: Mar 2012
Location: PA, Village of Springdale
Posts: 246
Thanks: 2
Thanked 2 Times in 2 Posts
Default

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!!