Enter the total gross sales ($) and the total costs ($) into the Taxable Sales Calculator. The calculator will evaluate and display the Taxable Sales. 

Taxable Sales Formula

The following formula is used to calculate the Taxable Sales. 

TS = GS – C

  • Where TS is the Taxable Sales ($)
  • GS is the total gross sales ($) 
  • C is the total costs ($) 

How to Calculate Taxable Sales?

The following example problems outline how to calculate Taxable Sales.

Example Problem #1:

  1. First, determine the total gross sales ($). 
    1. The total gross sales ($) is given as: 40,000.
  2. Next, determine the total costs ($). 
    1. The total costs ($) is provided as: 20,000.
  3. Finally, calculate the Taxable Sales using the equation above: 

TS = GS – C

The values given above are inserted into the equation below:

TS = 40,000 – 20,000 = 20,000.00 ($)

Example Problem #2: 

For this problem, the variables needed are provided below:

total gross sales ($) = 6000

total costs ($) = 300

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer. 

TS = GS – C = ?