Royal alpha 6000ML - Page 57

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Example 4
Setting:
GST = 5% (NON TAX LIMIT PRICE = 200)
PST1 = 10% (NON TAX LIMIT PRICE = 220)
PST2 = 20% (NON TAX LIMIT PRICE = 320)
PST3 = 30% (NON TAX LIMIT PRICE = 400)
TAX LIMIT: GST
TAX ON TAX
DEPT#001: GST
DEPT#002: GST + PST1
DEPT#003: GST + PST2
DEPT#004: GST + PST3
GST AMOUNT = GST sales total x GST
PST1 AMOUNT = (PST1 sales total x GST + PST1 sales total) x PST1
PST2 AMOUNT = (PST2 sales total x GST + PST2 sales total) x PST2
PST3 AMOUNT = (PST3 sales total x GST + PST3 sales total) x PST3
************************
* YOUR RECEIPT *
* THANK YOU *
* *
************************
19:17 04-12-2021
MC NO.1234 0066
CLERK01
DEPT#001 *1.00T1
DEPT#002 *2.00TX
DEPT#003 *3.00TX
DEPT#004 *4.00TX
------------------------
SUBTOTAL *10.00
TAX1 *0.50
TAX2 *0.00
TAX3 *0.00
TAX4 *1.26
TOTAL-TAX *1.76
------------------------
TOTAL *11.76
CASH *11.76
--> GST AMOUNT = (100 + 200 + 300 + 400) x 5% = 50
--> PST3 AMOUNT = (400 x 5% + 400) x 30% = 126
NOTE
:
PST1 AMOUNT =|(200 x 5% + 200)| --> Below a limit price --> PST1 = NO TAX
PST2 AMOUNT =|(300 x 5% + 300)| --> Below a limit price --> PST2 = NO TAX
The absolute value of the TAXABLE Amount should be compared with the
LIMIT PRICE.