How can I better understand my receipts?

How can I better understand my receipts?

I can help with that! Receipts usually contain details like the date, items purchased, prices, and taxes. What specific part confuses you?

I'm not sure what the tax amount means on my receipt.

The tax amount is the extra charge added to the total price of your items, based on the sales tax rate in your area. Would you like to know how to calculate it?

Yes, that would be helpful!

To calculate the tax, multiply the total price of your items by the sales tax rate (expressed as a decimal). For example, if your total is $100 and the tax rate is 5%, the tax would be $100 x 0.05 = $5.