Sales Tax Collected
Total the sales tax owed on items you have sold.
About Sales Tax Collected
Sales tax is collected from the buyer at checkout and later remitted to the government, so it is never income for the store. Keeping collected tax separate from revenue prevents the classic small-business mistake of spending money that legally belongs to the tax authority.
Formula
Sales Tax Collected
Tax collected = price x tax rate; total = (price + tax) x units
- tax rate
- Sales tax applied at the point of sale
Worked example
With the default values below, Sales Tax Collected returns Tax per Unit of $4.25. Change any input above and every figure here is recalculated in your browser.
Inputs used
- Price (excluding tax)minimum 0
- 50
- Tax rateaccepts 0–30 %
- 8.5 %
- Units soldminimum 0
- 400
Results
- Tax per Unit
- $4.25
- Total Tax Collected
- $1,700.00
- Total Invoiced
- $21,700.00
- Net Revenue (Pre-Tax)
- $20,000.00
Step by step
- 1Values used
- 2Sales Tax Collected
- 3Tax per Unit= 4.25
- 4Total Tax Collected= 1,700.00
- 5Total Invoiced= 21,700.00
- 6Net Revenue (Pre-Tax)= 20,000.00
Assumptions and limits
- The result is derived only from the 3 inputs listed above. Anything not among them is not part of the calculation.
- In particular, this calculator does not take inflation, fees or charges or compounding frequency into account.
- Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
- This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.
How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.
Frequently Asked Questions
How is Sales Tax Collected calculated?
Tax collected = price x tax rate; total = (price + tax) x units Sales tax is collected from the buyer at checkout and later remitted to the government, so it is never income for the store.
Why does Sales Tax Collected matter?
Keeping collected tax separate from revenue prevents the classic small-business mistake of spending money that legally belongs to the tax authority.
What values do I need to enter?
This calculator takes 3 inputs: Price (excluding tax), Tax rate, Units sold. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.