So far, I haven't talked to anyone who received the full "$600 a person". My husband and I only received $850 total, and we didn't even get a check. The IRS credited the whole ...
putting in for job-can someone please work out the monthly and annual salary looking at these numbers please- 37 .5 hours a week at 7.24 an hour thanks if u can ...
I bought a condo, and want to write off the taxes and interest that I will pay, and wanted to know how this system works. Additional Details Forgot to mention, I'm married with one ...
I just bought coffee from the largest chain supermarket in the West, and it was 1.95 for a medium cup, plus .16 sales tax !! And there is no tax on food items in CA.
i realised on my wage slip that i was over paid by £580 pounds and told my boss and has told head office cos of the amount of tax and ni they have took of me can i arrange to pay back in ...
I'm a university student and my only income for 2007 was volunteering in a medical study. I was paid a few thousand dollars for being in this study, and no taxes were taken out of the payment I ...
I ve had the house for a year now. I dont have enough paid off to apply for an equity loan. I am going through a divorce which has been the main reason why i havent been able to pay the escrow on the ...
My wife works full time, We get childrens tax credit and child allowance, I have paid national insurance all my working life, we are home owners(mortgage) and no real savings....
peachesandcream
If you pay a gross amount of £550.00 inclusive of VAT...?
what is the NET and VAT amount? Could you please show your working out as well?!... sorry.. i'm rubbish at maths!!
vat is 17.5%, think of gross amount as always 117.5% and net as 100%
£550 is 117.5% so divide it by 1.175 to get what it would be at 100%
£468.09
stardust
Gross amount £550.00 divided by 1.175 Vat = Net amount £468.09
yprifathro
If the rate of VAT is 17.5% you get the net amount by dividing by 1.175, so a gross amount of £550 gives a net amount of £550 divided by 1.175 which is £468.09. Easy enough if you've got a calculator!
Jo M
£550 inclusive of VAT
to figure out the amount without VAT 550 divided by 117.5 multiplied by 100 = £468.09 NET
for the VAT just subtract the net from the gross
babyonlyne
oh not trying to be rude but some of the people who answered obviously didnt read that workings were required.
with maths you dont just just put figures out on the table when someone doesnt know or understand how to work something.
firstly most of you are putting 1.175 where did that come from and as for the 7/47 thats throwing somebody in at the deep end.
angelique got it spot on and samthedog with 1% showed another way to work.
i fully understand what these figures mean because i'm a payroll and accounts student but to someone who doesn't its just figures with no meaning.
7/47 comes from 17.5/117.5 which will give the vat amount leaving 100/117.5 as the net amount
samthedog
Assuming that the VAT is charged at 17.5% then the following applies.
550 = 117.5 % (100 + 17.5 )
therefore divide this amount by 117.5 to get 1%.
To find the VAT multiply this by 17.5, which gives us £ 81.91 to the nearest penny.
Simple subtraction lets u do the rest.
confusedman
Divide by 1.175 and this will give you the pre VAT amount.
£550.00 divided by 1.175 = £468.09.
MADMARY
Net £468.08.
£550 / 1.175 =
stibbs
£550 X 7 divided by 47 = £81.91 vat...... Simple answer without going on like some do, BELOW AND ABOVE..........BORING. if some can't understand that, then god help them !
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
