Sales tax is a financial component that affects businesses of all sizes, regardless of whether they operate in a physical or digital realm. For many, understanding and mastering sales tax calculation can be a complex and often daunting task. In this article, we’ll dive into the intricacies of sales tax, explore its significance, and offer insights into mastering the art of sales tax calculation. Understanding Sales Tax Sales tax is a consumption tax imposed by state and local governments on the sale of goods and services. It is typically calculated as a percentage of the purchase price and is collected by the seller at the point of sale. The seller…