What is the sales tax formula?
For every 1,000 greenpoints redeemed for awards, we are required to pay taxes for the state where order is
shipped. (No tax required in AK, DC, DE, HI, KS, ME, MN, MT, ND, NH, OR, RI & VT.)
SALES TAX* CHART
3% = 6¢ OR 30 points per 1,000 greenpoints
4% = 8¢ OR 40 points per 1,000 greenpoints
5% = 10¢ OR 50 points per 1,000 greenpoints
6% = 12¢ OR 60 points per 1,000 greenpoints
7% = 15¢ OR 70 points per 1,000 greenpoints
8% = 17¢ OR 80 points per 1,000 greenpoints
*Sales and Use Tax: Because we are part of a corporate entity doing business in
various states, we are required by law to collect the appropriate sales tax for the
state to which the order is shipped.
- Find your tax rate in the SALES TAX CHART and determine the amount of tax per 1,000 greenpoints.
- Determine the number of points required for the order.
- Divide the number of greenpoints required by 1,000 and round up or down to the nearest whole number.
- Multiply this number by the tax figure in the SALES TAX CHART to find your total tax for this order.
Example: 6% Tax Rate - Order requires 16,800 greenpoints 16,800/1,000 = 16.8 rounded to 17 17 x 12¢ = $2.04 $2.04 = Total Tax Due for Order
OR
If using greenpoints for tax, use this formula:
16,800/1,000 x 60 = 1,008 greenpoints