Sales Tax (%TAX)
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The sales tax rate for the item being sold.  

The value specified for Sales Tax Rate in the System Options form is used, unless the purchaser is a dealer who has been recorded in the Dealer/Customer Management module and has a Tax ID number. In this case, %TAX is set to zero.  
 
noteThe %TAX can be overridden by keying in a value between 0.00 and 99.99  
 
noteRemember that %TAX is treated as a percentage -- enter 5% as 5.0 not 0.05.