Identify the taxable amount
Find the tax amount
Divide the tax amount by the taxable amount
Multiply the result by 100
Tax percentage = (Tax amount ÷ Taxable amount) × 100
Example: if tax is 8 and taxable amount is 100, tax percentage = 8%
Identify the taxable amount
Find the tax amount
Divide the tax amount by the taxable amount
Multiply the result by 100
Tax percentage = (Tax amount ÷ Taxable amount) × 100
Example: if tax is 8 and taxable amount is 100, tax percentage = 8%