Computation Of Tax

(1) The amount of alcoholic beverages tax and sales tax due monthly or during an accounting period shall be computed by dividing the sum of the alcoholic beverage tax rate and the applicable sales tax rate, plus 100%, into the total sales price of all alcoholic beverages sold during each calendar month or accounting period. The resultant figure shall then be used as a taxable base to which the alcoholic beverages tax rate shall be applied to arrive at the amount of alcoholic beverages tax due, and the figure to which the applicable sales tax shall be applied to arrive at the amount of sales tax due on alcoholic beverages only. Example: Based on sales price of alcoholic beverages in the amount of $1,500. 100 % Normal Sales Price without tax 15 % Alcoholic Beverage tax rate 7.75 % State and Local Sales tax rate 122.75% (5.5% state rate and 2.25% local rate, if local rate is different, adjust accordingly) 1500.00 = 1222.00 taxable base 1.2275 $1222.00 Taxable base $1222.00 Taxable base .15 Alcoholic Beverage tax rate .0775 State and Local sales tax rate $ 183.30 Total alcoholic beverage tax $ 94.71 Total sales tax liability on liability alcoholic beverages only