How Does the POS Calculate Sales Tax?
To clarify how taxes are calculated on your receipts, let us look at an example: Initial situation: You have 5 items. Each of these items has a net price of $0.99 and are taxed at a rate of 19%, each of which corresponds to a gross amount of $1.18 ($0.99 * 1.19 = $1.1781 rounded … Read More