Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Taxes
Finance Discussion Forum

 My father is greedy and wants to claim me as a dependent. im 23 and lived with him all year and went to school
if he claims me i owe the gov 2000 if not i get back a 64 dollar return. i earned 23,000 and supported myself and just stayed there. i paid rent, food, clothes, school, insurance etc. hes ...


 I have received a message stating u have won yahoo uk-ieland award?
that message give me a form to fill and submit to some agent and he replies to me stating that u have to submit a form given below to Nation wide bank Plc and they have told me that ur prize money in ...


 Do you have to declare your earnings if you work under 16 hrs?
I am not entitled to working tax as my partners income is just over the limit.We claim child tax credit.If I was to work a couple of hours a day for the minimum wage would I have to declare this to ...


 Filing head of Household?
Is it possible for two people to file head of household with the same child?

They're not married, they live together, it's both of thier child and one claimed her as a dependent ...


 Should we tax people based on how much they weigh?
Think about it, they use more water, more food, more tires for their car. This would be instead of based on income, and would take into account BMI....


 What happens if I don't send in a tax return?
I'm a basic rate taxpayer and the code is correct on my payslip but I've just had a pay rise. T...


 Where is the law that says we have to pay federal income taxes?
Where is this supposed law that tells us we must pay taxes? I still haven't found one myself....


 Is this true?
I've heard through several reliable sources that one actually does not have to pay taxes if they do or follow something in the tax code. That something is what I do not know and they couldn'...


 Where is my tax stimulus refund? I efiled with direct deposit and haven't recieved it.?
I e-filed by myself and used direct deposit for my refund. I did the calculator stimulus refund on IRS.gov and it said based on my tax information I am eligible for a refund. My last two digits are ...


 What is the LEAST amount of money you can get back on your stimulus check?
I have heard that it's $300 and I have also heart that it's $600... I am SINGLE with zero dependants and no spouse... so, what's the LEAST amount of money I should get on my stimulus ...


 Can I opt out of Social Security? What is the process to do so?
...


 What is the statute of limitations on keeping old income tax returns?
I have about 10 years of returns, and as we are moving, I would like to get rid of some of them....


 Are cars over 20yrs old exempt from road tax?
...


 If my paystub is dated 1/05/07 and that check came from working in 2006, what year do I file for 06 or 07?
...


 Can my employer hold a week of my paycheck?
After 4 months of working, my employer wants to hold back a week of my check. This is supposed to signify "a week in the whole" that occurs when you start at most jobs. This feels a little ...


 Does anyone recommend TURBO TAX?
Everyone keeps talking about this Turbo Tax and how easy it is. So this year we are going to try it ourselves since we typically pay alot to have them done. Does anyone know exactly how it works? Can ...


 I had letter i have been overpaid tax credits they say its my fault even though they had all my details,?
i had a phone call which the woman said that they would stop paying me and pay themselves, had another call that i have to pay it back and they denied that their colleague even suggested they would ...


 I received a massage that I won in uk national lottery it is true?
TICKET NMBER 56475600545 188 SEREIAL UMBR5368 LUKY NUMBER29---17 MARCH 2007...


 What can you do when your employer want pay overtime or give lunch breaks?
...


 Is this a good yearly salary?
Is $39046 A good yearly salary?...



C J
Does anyone know the mathmatatical sum to find the vat content of a total amount?
                     
 




Business in Barnet
Rating
Standard VAT is 17.5%

So to find the VAT amount, multiply the net by 0.175
And to find the total fee, multiply the net with 1.175

In reverse, if you are given a total VAT inclusive figure, and you want to find the net figure i.e. the amount before the VAT was added on, then divide by1.175.

For example
£10 + VAT = £10 X 1.175 = £11.75

Another example
Total price = £23.50
Net price without VAT = £23.50 divided by 1.175 = £20

Hope that helps.

Regards
Business in Barnet
http://www.business-in-barnet.com


Victor
Rating
For the UK rate of VAT of 17.5 per cent, multiply the total amount (price plus VAT) by 0.1489 and it will give you just the VAT.

For example, if you pay £1000 for an item subject to VAT, then the VAT is £148.90 and the pre-tax price is £851.10 by subtraction.

Check it out. Price £851.10

VAT at 17.5 per cent is £148.90 to the nearest penny.

OK?


David P
Rating
Assuming you mean UK VAT at 17.5%

Divide the total (Gross) by 1.175 to get the nett ammount.

Subtract the nett from the total to get the VAT.

The easy way is to take 7/47 of the total as the VAT.


Gizmo
Rating
Multiply the amount by 0.175 and the figure you get is the vat amount;


ashley
Rating
surely you just find 17.5% of the amount? id do it: find 10% half it for 5% then half it for 2.5% then add them all together


tubbyswife
If you have the gross amount you need to multiply by 7 and then divide by 47.
if you have the net amount you multiply by 0.175


gavmel259
If you multiply an amount by 0.175 on a calculator that will give you the amount of vat against the total amount.


benji
Rating
multiply 7
divide 47


Hotel 21
Rating
€117-50cents VAT @ 17½%
117.50 divide by 1.175 =€100 euros


jojo
Rating
your no less 17.5%that %is the vat content or take 82.5%from total fig what is left will be the vat.


Onestep downfrom God
Rating
7/47


Stephen A
Rating
It depends on what is being sold , there are three VAT rates , 0% , 5% , and 17.5%


cheeky
Multiply by 10 divide by 4 take away the first number you thought of and hey presto.


scoons
Do you mean V.A.T? If UK then it is 17.5% Take total sum i.e £459.26 and multiply by 0.825


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.014
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy