Question by troutbelli2000: Tax Calculation Problem?
I have a gross profit of $ 1200.00 How do I figure out what the tax is so that I can get my net profit and the correct tax dollar amount? The tax rate is 7.375%
If my Gross total is $ 1200.00 and the tax rate is 7.375%. What is the equasion to figure out my net total?
Answer
Answer by ?you're either not giving enough info or this is a really simple problem.
1200 x .07375= 88.5
1200-88.5= 1111.5 net
Give your answer to this question
No comments:
Post a Comment