Enter the principal amount and tax rate into the calculator to determine the tax commission. This calculator can also evaluate any of the variables given the others are known.

## Tax Commission Formula

The following formula is used to calculate the tax commission.

TC = P * r

Variables:

• TC is the tax commission ($) • P is the principal amount ($)
• r is the tax rate (decimal)

To calculate the tax commission, multiply the principal amount by the tax rate. The result is the tax commission.

## How to Calculate Tax Commission?

The following steps outline how to calculate the Tax Commission using the formula TC = P * r.

1. First, determine the principal amount ($). 2. Next, determine the tax rate (decimal). 3. Next, gather the formula from above = TC = P * r. 4. Finally, calculate the Tax Commission. 5. After inserting the variables and calculating the result, check your answer with the calculator above. Example Problem: Use the following variables as an example problem to test your knowledge. principal amount ($) = 500

tax rate (decimal) = 0.15