View Full Version : GST calculations
relic
May 8, 2007, 07:32 AM
I wanted to know how you take a total that already includes 6% gst and find out exactly how much gst was paid? Example: 45.00 includes 6% Gst-how much of the $45.00 is actually GST?:confused: Please show calculation. Thanks!
AtlantaTaxExpert
May 8, 2007, 09:46 AM
Gst?
The Texas Tax Expert
May 8, 2007, 07:17 PM
$45/1.06 will give you the pre-GST price.
AtlantaTaxExpert
May 9, 2007, 12:55 PM
I assume that GST is General Sales Tax. If so, I endorse TTE's answer.
Lowtax4eva
May 9, 2007, 01:31 PM
Goods and Services Tax (Federal Tax in Canada) but yes, correct answer was above
AtlantaTaxExpert
May 10, 2007, 01:07 PM
Aha, something I have NO expertise in!
Thank you, LowTax!