Enter the tax per unit ($/unit) and the total number of units into the calculator to determine the Tax Revenue.
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Tax Revenue Formula
The following formula is used to calculate the Tax Revenue.
Rtax = TPU * U
- Where Rtax is the Tax Revenue ($)
- TPU is the tax per unit ($/unit)
- #U is the total number of units
To calculate the tax revenue, multiply the tax per unit by the total number of units.
How to Calculate Tax Revenue?
The following example problems outline how to calculate Tax Revenue.
Example Problem #1:
- First, determine the tax per unit ($/unit). In this example, the tax per unit ($/unit) is given as 137.
- Next, determine the total number of units. For this problem, the total number of units is given as 59.
- Finally, calculate the Tax Revenue using the equation above:
Rtax = TPU * #U
The values given above are inserted into the equation below:
Rtax = 137 * 59 = 8083 ($)
Example Problem #2:
The variables needed for this problem are provided below:
tax per unit ($/unit) = 581
total number of units = 489
Entering these values and solving gives:
Rtax = 581 * 489 = 284,109 ($)
