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To: Principled
Separately, it is trivial to calculate the tax using either method. Sorry you have trouble.
Really. Maybe you would like to show me the calculation for the tax on a $99.44 item using the 23% tax inclusive rate. Using the 29.87% exclusive rate it's:
99.44 x .2987 = $29.70
Let's see your calculations.
19 posted on 05/16/2007 12:31:41 PM PDT by Your Nightmare
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To: Your Nightmare
Let's see your calculations

99.44*1.2987

There it is. Trivial. 1.2987 IS 1+23/77. No worries.

20 posted on 05/16/2007 12:34:45 PM PDT by Principled
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