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A common tax scenario
Message
From
23/05/2012 08:41:11
 
 
To
23/05/2012 00:13:12
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:
01544130
Views:
52
>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)

Thanks

This is close but does not give the exact amount:

(74.88*100) / ( 5 + 9.5 + (5*9.5)/100)

...gives 500.03$

I tried something like that last night but was never able to obtain the exact number.
Michel Fournier
Level Extreme Inc.
Designer, architect, owner of the Level Extreme Platform
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