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How do you find a pre tax amount if you have both the tax percentage and post tax amount?
Wiki User
∙ 14y ago
You divide the total by 1.0x (x being the tax precentage).
For example: $1500 is the total after 7% tax. You are solving for the pretaxed amount.
So you:
1500/1.07 = $1401.87
98.13=tax
Total: $1500
Wiki User
∙ 14y ago
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