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A common tax scenario
Message
From
23/05/2012 00:13:12
 
 
To
22/05/2012 22:50:18
General information
Forum:
ASP.NET
Category:
Other
Environment versions
Environment:
VB 9.0
OS:
Windows 7
Network:
Windows 2003 Server
Database:
MS SQL Server
Application:
Web
Miscellaneous
Thread ID:
01544104
Message ID:
01544108
Views:
67
Hi Michel,

Let B = base amount = $500
T = tax amount = $74.88
F = Federal tax % = 5
P = Provincial tax % = 9.5


if we know T, F and P then B can be derived as follows:

B = (T*100) / ( F + P + (F*P)/100)

Having derived B you can the calculate the Federal tax amount as B * (F/100)
and the Provincial Tax amount as B * (1+(F/100)) * (P/100)

HTH,

Andy
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