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A common tax scenario
Message
From
23/05/2012 09:05:07
 
 
To
23/05/2012 00:41:58
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:
01544132
Views:
42
>Total Tax divided by the ratio of the Federal tax to total tax = Federal Tax
>Total Tax divided by the ratio of Province tax = Province tax
>
>In formula:
>74.88 / (Federal rate / (Federal Rate + (Province rate +(Province rate x Federal Rate))) = 25
>74.88 / (Province rate / (Federal Rate + (Province rate +(Province rate x Federal Rate))) = 49.88
>
>In other words, for federal
>74.88 / (.05 / (.05 + (.095+(.095 x .05))) = 25, or
>74.88 / (.05 / (.05+.(.095+ 00475)) = 25, or
>74.88 / (.05 / (.05 + .09975) = 25, or
>74.88 / .(05/.14975) = 25, or
>74.88 / .3338898164 = 25
>
>For Province, it would be
>74.88 / (.095 / (.05 + (.095+(.095 x .05))) = 49.88

Thanks, there is a missing parenthese somewhere. I am guessing the last one.

If I try this:

74.88 / (0.05 / (0.05 + (0.095 +(0.095 * 0.05))))

...I get 224.27$.

Is this the same number you get?
Michel Fournier
Level Extreme Inc.
Designer, architect, owner of the Level Extreme Platform
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