State of the GnuCash project: A call for help

[Derek Atkins]

"James A. Treacy" <treacy at debian.org> writes:

> On Mon, Aug 11, 2003 at 08:30:24PM -0400, Derek Atkins wrote:
> > Laurent Duperval <lduperval at videotron.ca> writes:
> > 
> > > Carl B. Constantine wrote:
> > > 
> > > And let's not forget that in Quebec, taxes are applied to the GST. So
> > > a 10$ item, in  fact costs 10$+7% => 10.70$ for the GST and then
> > > 10.70$+7.5% for the PST, for a total of 11.56$. Isn't that wonderful!
> > 
> > How do you get 11.56?  10.70*.075 == .8025, for a total of 11.50.
> 
> I believe that the Quebec Sales tax is 8%.
> Substitute that in the original calculation and it works out.

Ahh, ok, that works.  Still, my formula is still valid -- you enter
the Provincial Tax as (1+GST)*PT..  So you would enter an 8% PST with
a 7% GST as (1+.07)*.08 == 8.56% and everything else just works.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available