Posted by **simon** on Sunday, April 15, 2007 at 6:19am.

can anyone help please, i need a simple formula for working out taxes.if i had any number i need to know what the base was before 16% tax was added.

i know the formula if the tax was 17.5%,what ever the total is if you divide that by 47 then x that by 7 that will give you the base before tax was added.

example 50 divide 47 x 7 = 7.44

this gives me the total tax i paid if the rate was 17.5% , i need to know a similar formula if the tax is 16%,thanks.

why bother with a "formula"?

If you have the total after 17.5% tax was added, that total must represent 117.5% of the original.

So if you divide your total by 1.175, which is 117.5%, you get the original.

Now multiply that by .175 and you have the amount of the tax.

so $50÷1.175x.175 = $7.45

(notice 1.175/.175 = 1175/175 = 47/7 )

if you had 16% your calculation would be

$50÷1.16 x .16 = .....

.16/1.16 = 4/29

So your formula would be "divide by 29 then multiply by 4"

for 12% it would be .12/1.12 = 3/28

etc.

Personally, I would never use such a "formula", just do the math by reasoning it out.

## Answer This Question

## Related Questions

- government(taxes) - I am looking for a list of California state taxes. So far ...
- math - David has just received his income tax refund of $1438.11, and he needs...
- Math - Consider the following spreadsheet: What formula would you use to ...
- Math - Consider the following spreadsheet: What formula would you use to ...
- chemistry - I need to know if I have th right molecular formula for Sorbito 39....
- debate - i just need some point or info on pro side: - Taxes gain more money ...
- chem - how many milliter of .246 M HNO3 should be added to 213 ml of 0.00666 M 2...
- Programming - I’m using VB 2008. I need to write a simple program that ...
- algebra - What is the slope of a line through (-5,2) and (6,7) in the standard(x...
- math - i need help with finding out what formula do you use to find the B= area ...

More Related Questions