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for example if my check came up to $17.45 how dou u figure the tax. i know that tax is 8.25 percent. so help me guys!

2007-06-16 05:35:28 · 8 answers · asked by Wu-Banger 2 in Business & Finance Taxes United States

8 answers

multiply 17.45 X 1.0825 for tax on 17.45

for tax paid on gross bill of 17.45 ,
divide 100 / 108.25
multiply result by 17.45
and subtract that from 17.45

I just bet you have a cell phone.
I bet it has a calculator.

2007-06-16 06:52:42 · answer #1 · answered by pops 6 · 0 1

Hi Wu-Banger. Ok, here we go.

Your check came to $17.45. Tax is 8.25%.
The entire amount of the check, $17.45 is equal to 100%.

On your calculator, enter in :
17.45 * 8.25 % (percent key) = 1.439625. Round to two decimal points, 1.44.

Add $1.44 to $17.45 = $18.89.

This is too many steps so let's do it an easier way.

As I said above, we know that $17.45 is the entire check before tax and this equals 100%.
We know the tax is equal to 8.25%.

Add 100% + 8.25% together, so the ENTIRE bill is 108.25% of $17.45.

On the calculator:

17.45 * 108.25 % = $18.889625. Round to two decimal points. The total check is: $18.89.

That's how you figure it out. Hope that helps. It will work everytime.

2007-06-16 05:55:21 · answer #2 · answered by LJR 2 · 0 1

I'm reading your question differently. I think your total, tax included was $17.45 with a tax rate of 8.25%. To get back to the sale price consider the sale price as 100.00%, the tax 8.25% and the total bill as 108.25%. Divide the total bill ($17.45) by 1.0825 to determine sale price: $16.12. The difference between the two ($1.33) is 8.25% x 16.12

2007-06-16 07:11:10 · answer #3 · answered by Malcolm K 2 · 0 1

if tax is 8.25%, you need to move the decimal two places to the left to get the decimal value

8.25-> .0825

then multiply your bill by the decimal value

17.45x.0825 = $1.44

if something costs $17.45 and you know tax is 8.25%, the way to figure out your total is to multiply your cost by 1+ decimal value

17.45x1.0825 = $18.89

I gave ya both times you consider tax because I wasn't sure about what you really needed.

2007-06-16 05:44:41 · answer #4 · answered by ilovedurango 3 · 1 1

You just multiply $17.45 X $8.25 to figure out the answer!

So, with my handy dandy calculator, I get $1.44 that you would pay in tax on that amount!

2007-06-16 05:41:52 · answer #5 · answered by MarineMom 6 · 0 1

$17.45X.0825%=$1.439625. This will be rounded to the nearest cent, which would be $1.44. Always remember, if the tax percent is less then 10 percent, you must put a decimal and a 0 before the tax rate. So, 8.25% tax rate is not 10 percent or more, so it would be .0825%

2007-06-16 05:45:28 · answer #6 · answered by Anonymous · 0 1

$17.45 X the tax rate in decimals .0825 then round up to the nearest cent or 1.44

2007-06-16 05:45:52 · answer #7 · answered by Pengy 7 · 0 1

That doesn't sound stupid. That IS stupid.

2007-06-16 07:35:33 · answer #8 · answered by hypostatize 2 · 0 1

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