Mostly by looking at the calling site where the code is already used and the calling site where I want to reuse it. If both of those mean the same (calculate the tax on x products, for the purpose of applying to the shopping cart, vs for applying to generating reports) then I'll reuse it, if it can be achieved without adding stuff like flags, in most cases. In other cases, it just looks the same (sum some field + calculate a percentage of that, for example, for discounts vs taxes on products) where it's obvious that they don't mean the same. (Though, I do heavily rely on a good type system to deal with future evolutions of that copied code)

TL;DR: Vibes

Its always about how far ahead in the future you plan ahead. And sometimes this future thinking is wasted time