#jamesdeschenes-tax-rate

1 messages · Page 1 of 1 (latest)

olive ice
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Hi, taking a look here

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from the screenshot, it appears that there are four quantities of items.

split urchin
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The tax amount is inclusive not exclusive

autumn zodiac
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Thank you for your fast helping! The total must be $600. It is intentional of the owner to be inclusive. Check the Session creation there:

unknown.png
split urchin
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I don't understand your question

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3.5% of $600 is only $21 if you consider the tax exclusive

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if you want the tax inclusive, then it's lower since it'd apply to a different amount

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a 3.5% increase to $600 is $21 so $621 after incease
If $600 happened after a 3.5% increase when what you want to know is X in the formula X * 1.035 = 600 which is $579.71 before the increase or an increase of $20.29

split urchin
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@autumn zodiac did that solve your question/confusion?

autumn zodiac
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Oh! OK! Now I understand the formula. My interpretation was wrong. I simply calculate 600 * 1.035 = $621, and doing 621 - 600 = $21, but this is wrong. Your last reply contains the good formula, I simply needed some time to realize it...Thank you!

split urchin
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yeah it's so confusing

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I've had to explain this enough that now I mostlyget it 😂

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Thanks for providing a clear example it really helps to work back from real numbers

autumn zodiac
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Thank you!