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How to Figure Taxes on Phone Bill

1.

Determine all phone bill taxes. State and local governments set state and local taxes. Your bill could also have a gross receipts tax for long-distance service. A federal excise tax applies to your local phone service, as well. Include all taxes in your calculation.

2.

Separate the fees from the taxes. To make sure you have the correct amount for taxes, remove any fees that may be intermingled with the tax figures. Fees may include a telecommunication access fee or a universal service fund surcharge.

3.

Add up the individual tax charges. Find out if the tax charge is a fixed amount or if it is based on a percent of your bill. Once you have all the numbers in place, just add them up to get your total tax figure. Some tax figures may change from month to month, depending on the amount of your bill.



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