Calculating gross when net is known
Hi,
I am lost here usually you have your gross less your taxes = Your net
assuming gross is in a1, tax in b1(calculated based on 10% taxes) in c1 the
net will be
=a1-b1
Now if you know your net to get your gross will be
=c1/0.90
0.90 comes from 1-0.10 taxes
"placerpone" wrote:
Frequent budget adjustments when the gross amount of the adjustment is know.
I need to calculate backwards for the tax burden to come up with the net
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