Finance8 min read
Sales Tax vs VAT: The Math Stores Don't Explain
Why a $100 item at 7% tax costs $107, but a $107 receipt holds only $7 of tax. Forward and reverse tax math, rounding drift, and how VAT differs.
M H Tawfik
Toolk Blog
Practical explanations with worked examples, source links, and direct paths to the browser tools used in each workflow.