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Taxes are NOT calculating properlyAsked by TheLifestyleBroker on August 19, 2014 at 08:57 AM
The accommodations tax of 11% is NOT calculating properly on my forms.
Example on a recent submission:
Rent amount $1,330
Should be $146.30
Tax was calculated at $37.95
THIS IS A HUGE PROBLEM. And I have suspected it on my other forms also. Here are the forms that need to be inspected.
tax tax calculation
The tax calculation was correct. Here's the proof based on your form settings:
Since "$1,330 - Peak: 2 Weeks" from the "________ PEAK - RENT 1-3 WEEKS – PEAK ________ " category is exempted from the tax calculation. Only both $250 USD and $95 USD are calculated. So, 250 + 95 = 345 x 0.11 = 37.95.
So far, tax calculation to all the forms are correct. Just one thing to note, you have some exceptions:
If you don't want to exempt every item from the tax calculation, uncheck the items.