Manage tax rates for each club. These rates are used to calculate tax-adjusted amounts for ABC Dues.
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For ABC Dues calculation: If you have $100 and need to account for 8.5% tax, the tax-adjusted amount would be $100 ÷ (1 - 0.085) = $109.29
Formula: Tax-Adjusted Amount = Original Amount ÷ (1 - Tax Rate)
Purpose: This ensures the final amount after tax equals the desired net amount.