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:

   +                                   Add

    –                                  Subtract

    *                                  Multiply

    /                                  Divide

    ( )                                Indicates precedence – values in brackets will be calculated first

   $Net                             Tag for the net amount, which is used to calculate the tax amount.

Example 1
The formula for a 7% state sales tax would be entered as follows:
$Net * 0.07

Example 2
The formula for a flat tax (such as airport tax) would be entered as follows: