Tax Calculations
Created: 2/28/2020
When determining tax amounts, Unit Trac applies the appropriate tax based on your settings and rounds at the invoice item level before summing across the entire invoice.
| Invoice Item | Amount | Tax Rate | Tax Before Rounding | Tax After Rounding | Total |
|---|---|---|---|---|---|
| Rent | $57.50 | 6.75% | $3.7375 | $3.74 | |
| Lock | $15.00 | 6.75% | $0.975 | $0.98 | |
| Total Tax Amounts | $4.72 | ||||
| Subtotal | $72.50 | ||||
| Total | $77.22 |