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!