To calculate your effective tax rate, find your total tax on your income tax return and divide it by your taxable income. Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help...
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able tax rates. The formula for computing the output tax is as follows: Output tax = Sales value × Applicable tax rate Example: A steal company sold to a machinery company a certain quantity of steal worth of 5 mi llon yuan.The applicable VAT rate is 17%.The output tax charged to th...
In this condition, you can apply the Vlookup function to calculate the income tax for a certain income in Excel. Select the cell you will place the calculated result at, enter the formula =VLOOKUP(C1,A5:D12,4,TRUE)+(C1-VLOOKUP(C1,A5:D12,1,TRUE))*VLOOKUP(C1,A5:D12,3,TRUE) into ...
Learn the retained earnings formula, how to calculate it, and what it means for your business finances. See examples and more.
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b.Tax payable = Sales volume of taxable consumer goods×Applicable tax amount per u nit For compound tax rate (like tobacco and alcohol),it is all right simply by combini ng the two formulas above. The formula for computing the tax payable is: ...
To calculate the total payroll costs of an employee, add their net pay with the total employer costs using the following formula: Employee Net Pay + Employer Costs (Social Security, Medicare Tax, Unemployment Taxes, etc.) = Total Payroll Cost ...
The GPM calculation comprises three steps. The first one deals with learning gross income. As we’ve already figured out, you need two parameters –variable charges and total earnings. Subtract the smaller value from the larger one to get gross profit. If the larger value in the formula is...
How to Calculate Profit Margin in Excel You may find it easier to calculate your gross profit margin using computer software. One of the most common ones on the market is Microsoft Excel. Using spreadsheets can make things a little easier. Before you sit down at the computer to calculate you...