Calculating gross when net is known
Well, it depends what your tax rate is. Suppose it is 10% (i.e. 0.1),
then:
Net * 1.10 = Gross
Hence,
Net = Gross / 1.10
or:
Net = Gross / (1 + tax_rate)
Hope this helps.
Pete
On Dec 18, 5:21*pm, 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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