Tax formula operators while importing tax codes data.
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Each tax code has a formula that determines how Web TimeSheet calculates the tax amount.
The list of Tax formula operators while importing tax codes data is given below:
( ) Indicates precedence – values in brackets will be calculated first
$Net Tag for the net amount, which is used to calculate the tax amount.
The formula for a 7% state sales tax would be entered as follows:
$Net * 0.07
The formula for a flat tax (such as airport tax) would be entered as follows: