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What | Net Price | 19% Tax | Gross Price |
|---|---|---|---|
Line 1 | 3,40 € | 3,40 € * 0,19 ≈ 0,65 € | 4,05 € |
Line 2 | 2,40 € | 2,40 € * 0,19 ≈ 0,46 € | 2,86 € |
Total | 5,80 € | 1,11 € | 6,11 91 € |
Benefit:
Each item contains prices with 2 decimal places for net and gross.
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Horizontal Method to calculating the tax
To use this method, we
What | Net Price | 19% Tax | Gross Price | |
|---|---|---|---|---|
Line 1 | 3,40 € | ?? | ??2,40 € * 0,19 ≈ 0,46 € | 4,05 € |
Line 2 | 2,40 € | ?? | ??2,40 € * 0,19 ≈ 0,46 € | 2,86 € |
Total | 5,80 81 € | 56,80 91 € *0,19 / 1,19 ≈ 1,10 € | 6,10 91 € |
Benefit:
The tax calculation is correct in the last line.
Drawback:
The prices per line are not calculable with sum of the net prices is not equal to the total net price when using only 2 decimal digits.
(3,40 € + 2,40 € = 5,80 € ≠ 5,81 €)
| Tip |
|---|
Due to the fact that 3YOURMIND supports showing line prices both in NET and in GROSS for different users, 3YOURMIND uses the vertical method for calculating tax. |
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