Heres a question...

Im trying to figure something out. If someone is paying lets say $125 per plate with a 15% gratuity per person.. How much does that really equal per person? I am so bad in math, I couldn't even pass sequential 1 in High School.. I was in a class called 'polygons' Yeah.. math is just not my thing.

No Im not paying 125 a plate. I would rather not disclose the ACTUAL amount because of lurkers. No not you ladies..

$125 * 15% = 18.75

$125 = 18.75 = $143.75

15% gratuity on $125 plate is $143.75 per person/plate.

Okay.. Im friggen confused.. How much is the tax?

See... ? My brain just dont comprehend numbers

The tax on LI is 8.75%...

Just punch in on the calculator 125x15%(gratuity)=___then add this number to 125. Then multiply this number x8.75% and add that number to the 125 + the gratuity #.

ETA: For example 125 x 15%=18.75; add 18.75 to 125 and you'll get 143.75. Now multiply 143.75x8.75% and you'll get 12.58. Now add 143.75+12.58=156.33...thats what you're actually paying pp...

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Posted by M&S Sept12006

The tax on LI is 8.75%...

Just punch in on the calculator 125x15%(gratuity)=___then add this number to 125. Then multiply this number x8.75% and add that number to the 125 + the gratuity #.

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125+15= 18.75
125+18.75= $143.75
143.75*8.75%= 12.58
143.75+12.58 = $156.33

$156.33 w/grat & tax

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Posted by ChristineAEV

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Posted by M&S Sept12006

The tax on LI is 8.75%...

Just punch in on the calculator 125x15%(gratuity)=___then add this number to 125. Then multiply this number x8.75% and add that number to the 125 + the gratuity #.

---

125+15= 18.75
125+18.75= $143.75
143.75*8.75%= 12.58
143.75+12.58 = $156.33

$156.33 w/grat & tax

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CHRIS!!!!!!!!!!!! WE'RE MATH GENIUSES!!!!!!!!!!!!!!!

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Posted by M&S Sept12006

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Posted by ChristineAEV

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Posted by M&S Sept12006

The tax on LI is 8.75%...

Just punch in on the calculator 125x15%(gratuity)=___then add this number to 125. Then multiply this number x8.75% and add that number to the 125 + the gratuity #.

---

125+15= 18.75
125+18.75= $143.75
143.75*8.75%= 12.58
143.75+12.58 = $156.33

$156.33 w/grat & tax

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CHRIS!!!!!!!!!!!! WE'RE MATH GENIUSES!!!!!!!!!!!!!!!

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Hahaha...BARELY...

could you call and tell my boss that? i'm looking for a 1M bonus!

The numbers are a bit confusing. One thing you need to remember is that gratuity is taxable.

Multiply your price per person times the gratuity. Then, multiply that number times the tax rate.

It looks like this:

(price pp x gratuity) x tax = total

$125 pp x 15% gratuity = $125 x 1.15 = $143.75

$143.75 pp x 8.75% tax = $143.75 x 1.0875 = $156.33

Does that make sense?

I thought the tax went down on LI??? Now I'm confused!

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Posted by MissingTheBGene

I thought the tax went down on LI??? Now I'm confused!

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I don't live in LI...but I know the NYC sales tax went down! No more Jersey shopping for me!

LI Tax is 8.625%

Yes, the tax went down on LI but when you signed your contract it at 8.75.
Which tax do they charge you????

Sorry, I don't mean to make it more confusing.

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Posted by Aly0124

The numbers are a bit confusing. One thing you need to remember is that gratuity is taxable.

Multiply your price per person times the gratuity. Then, multiply that number times the tax rate.

It looks like this:

(price pp x gratuity) x tax = total

$125 pp x 15% gratuity = $125 x 1.15 = $143.75

$143.75 pp x 8.75% tax = $143.75 x 1.0875 = $156.33

Does that make sense?

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I didn't know the gratuity was taxable.

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Posted by Aly0124

The numbers are a bit confusing. One thing you need to remember is that gratuity is taxable.

Multiply your price per person times the gratuity. Then, multiply that number times the tax rate.

It looks like this:

(price pp x gratuity) x tax = total

$125 pp x 15% gratuity = $125 x 1.15 = $143.75

$143.75 pp x 8.75% tax = $143.75 x 1.0875 = $156.33

Does that make sense?

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OMG I just had HS flashbacks... OH NO SAVE MEEEEEeeEEEEeeee

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Posted by SIBride06

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Posted by Aly0124

The numbers are a bit confusing. One thing you need to remember is that gratuity is taxable.

Multiply your price per person times the gratuity. Then, multiply that number times the tax rate.

It looks like this:

(price pp x gratuity) x tax = total

$125 pp x 15% gratuity = $125 x 1.15 = $143.75

$143.75 pp x 8.75% tax = $143.75 x 1.0875 = $156.33

Does that make sense?

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OMG I just had HS flashbacks... OH NO SAVE MEEEEEeeEEEEeeee

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Thats ok sweetie that was me and science...I just plain hated it!