I have the amount of sales tax collected how do I determine the Gross receipts?

Question

If the total sales tax collected is $3,565.11 at tax rate of 9% how do you determine the Gross Sales Receipts?

Answer 1

Total sold (not including tax) times 0.09 = Total Sales Tax.

 

Therefore divide the known sales tax ($3565.11) amount by 0.09 and you get the Total Sales (pretax).

 

The Gross receipts is the sum of Total sales (pretax) + Total sales tax.