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#1
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Help can not calc Sales Tax
I have Office XP PRofessional Excel 2002 SP3
I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#2
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Help can not calc Sales Tax
So we are all on the same page... 660.17 is the total amount taxes included.
To find out the before tax amount divide it by 1.075. You get 614.11 660.17/1.075 = 614.11 HTH "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#3
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Help can not calc Sales Tax
Sorry 614.116 which rounds to 614.12...
"Jim Thomlinson" wrote: So we are all on the same page... 660.17 is the total amount taxes included. To find out the before tax amount divide it by 1.075. You get 614.11 660.17/1.075 = 614.11 HTH "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#4
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Help can not calc Sales Tax
Thomas
Buy a new calculator. 660.17 * .075 = 49.51 Using Excel or the Calculator from Acessories Gord Dibben Excel MVP On Fri, 1 Apr 2005 20:13:13 -0500, "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#5
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Help can not calc Sales Tax
Jim
Thanks How do I round up to 614.12 in the formula? =SUM(I48/1.075) My result is 614.11 I48 is 660.17 and is the total including sales tax. Thanks Tom "Jim Thomlinson" wrote in message ... Sorry 614.116 which rounds to 614.12... "Jim Thomlinson" wrote: So we are all on the same page... 660.17 is the total amount taxes included. To find out the before tax amount divide it by 1.075. You get 614.11 660.17/1.075 = 614.11 HTH "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#6
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Help can not calc Sales Tax
Whoops!
Ignore. Was working from the wrong end. Jim has you sorted out I see. Gord On Fri, 01 Apr 2005 17:26:43 -0800, Gord Dibben <gorddibbATshawDOTca wrote: Thomas Buy a new calculator. 660.17 * .075 = 49.51 Using Excel or the Calculator from Acessories Gord Dibben Excel MVP On Fri, 1 Apr 2005 20:13:13 -0500, "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#7
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Help can not calc Sales Tax
Gord
Thanks I only do not know how to round this figure up to what I need check my previous post. Tom "Gord Dibben" <gorddibbATshawDOTca wrote in message ... Whoops! Ignore. Was working from the wrong end. Jim has you sorted out I see. Gord On Fri, 01 Apr 2005 17:26:43 -0800, Gord Dibben <gorddibbATshawDOTca wrote: Thomas Buy a new calculator. 660.17 * .075 = 49.51 Using Excel or the Calculator from Acessories Gord Dibben Excel MVP On Fri, 1 Apr 2005 20:13:13 -0500, "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
#8
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Help can not calc Sales Tax
Think Jim dropped a 1 when he said the answer is 614.116. The result of the
formula is: 614.111627906977 so it would round to 614.11 it rounding to 2 decimal places. -- Regards, Tom Ogilvy "Thomas Grassi" wrote in message ... Jim Thanks How do I round up to 614.12 in the formula? =SUM(I48/1.075) My result is 614.11 I48 is 660.17 and is the total including sales tax. Thanks Tom "Jim Thomlinson" wrote in message ... Sorry 614.116 which rounds to 614.12... "Jim Thomlinson" wrote: So we are all on the same page... 660.17 is the total amount taxes included. To find out the before tax amount divide it by 1.075. You get 614.11 660.17/1.075 = 614.11 HTH "Thomas Grassi" wrote: I have Office XP PRofessional Excel 2002 SP3 I am trying to calculate sales tax in my spreadsheet and cannot come up with the correct amount. I48 = $660.17 A48 = 7.5% G48 has =I48*(1-A48) The result is $610.66 H48 is the sales tax result =SUM(I48-G48) The result is $49.51 I have a manual calculator that does sales tax and it does not match $660.17 7.5% $46.05 sales tax Total minus sales tax is $614.12 Any ideas? Thanks Tom |
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