Tax Config. Help - State w/Sales Tax Bracket system
Posted: Thu May 11, 2006 7:50 pm
Is there any work around in DHPOS to calculate Sales tax based on a bracket system?
Florida's general sales tax rate is 6%, however there is an established "bracket system" for collecting sales tax on any part of each total taxable sale that is less than a whole dollar amount.
< whole $ Sales
Sale Amnt TAX
.00 - .09 = .00
.10 - .16 = .01
.17 - .33 = .02
.34 - .50 = .03
.51 - .66 = .04
.67 - .83 = .05
.84 -1.00 = .06
Example for a sale's Sub Total of $10.67
Those of us (with a common sense factor of 67+) would say the tax is .64 cents.
$10.67 X .06 = .64
Based on the State of Floriduhh (w/common sense factor of -1 and a greed factor of 100) the tax should be .65 cents.
10.00 X .06 = .60
.67 bracket = .05
=============
FL Tax .65
I wrote a program to analize my Jurnal file to count the number of
sales that are cheating the state of FL out of their Sense. Based on the bracket system, it comes out to be about 3% to 4% of my sales are comming up short on the tax, so says the State of Floriduhh Bracket Table.
Many regular cash registers have a bracket table that can be setup for
break points of different State's tax systems. Does a future version of DHPOS have a chance at having a tax bracket table?
In my case, if there's no workaround, I can just keep running my program on each month's jurnl to calculate the number of cents I didn't collect and take it out of my own pocket to appease the Floriduhh Tax Gods.
thanks,
Bruce
<Will work for food...>
Florida's general sales tax rate is 6%, however there is an established "bracket system" for collecting sales tax on any part of each total taxable sale that is less than a whole dollar amount.
< whole $ Sales
Sale Amnt TAX
.00 - .09 = .00
.10 - .16 = .01
.17 - .33 = .02
.34 - .50 = .03
.51 - .66 = .04
.67 - .83 = .05
.84 -1.00 = .06
Example for a sale's Sub Total of $10.67
Those of us (with a common sense factor of 67+) would say the tax is .64 cents.
$10.67 X .06 = .64
Based on the State of Floriduhh (w/common sense factor of -1 and a greed factor of 100) the tax should be .65 cents.
10.00 X .06 = .60
.67 bracket = .05
=============
FL Tax .65
I wrote a program to analize my Jurnal file to count the number of
sales that are cheating the state of FL out of their Sense. Based on the bracket system, it comes out to be about 3% to 4% of my sales are comming up short on the tax, so says the State of Floriduhh Bracket Table.
Many regular cash registers have a bracket table that can be setup for
break points of different State's tax systems. Does a future version of DHPOS have a chance at having a tax bracket table?
In my case, if there's no workaround, I can just keep running my program on each month's jurnl to calculate the number of cents I didn't collect and take it out of my own pocket to appease the Floriduhh Tax Gods.
thanks,
Bruce
<Will work for food...>