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<< Click to Display Table of Contents >> Sales Tax Bracket |
  
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<< Click to Display Table of Contents >> Sales Tax Bracket |
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The bracket tax system, used by some states dictates that, rather than performing a simple tax calculation of taxable amount of a purchase multiplied by the applicable sales tax rate, the calculation of sales tax is based upon a table containing the ranges of the taxable amount of the sale, cross-referenced with the associated sales tax due for that range (or bracket). These states that use the bracket tax system provides an extensive assortment of sales tax cards for merchants to manually look up the appropriate sales tax amount for every transaction.
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