Applies to: 
Stayntouch PMS
If a rate is inclusive of tax, to work out the net transaction amount (amount without tax) and the tax amount, you will need to make the following calculation.
(Gross amount / 1.(Tax amount without a decimal point)) = Amount without tax
Gross amount - (Gross Amount / 1.(Tax amount without a decimal point))= Tax amount
Example: If the tax percent is 5.875%, and the gross amount is 100, then the calculation is as follows:
(100 / 1.05875) = Amount without tax
100 - (100 / 1.05875) = Tax amount
Example Calculations:
If the tax percent is 5.875%, and the gross amount is 100, then the calculation is as follows:
(100 / 1.05875) = 94.45 (net amount)
Then:
100 (gross amount) - 94.45 (net amount) = 5.55 (tax amount)
Example: If the tax percent is 20%, and the gross amount is 100, then the calculation is as follows:
(100 / 1.2) = 83.33
100 (gross amount) - 83.33 (net amount) = 16.67 (tax amount)
Example: If the tax percent is 14.5%, and the gross amount is 100, then the calculation is as follows:
(100 / 1.145) = 87.34
100 (gross amount) - 87.34 (net amount) = 12.66 (tax amount)
Room Rate:$124
Base Amount:$104.98 (calculated by considering the following 4 inclusive taxes added in the charge code 160 - Room Charge - Tax Inclusive)
4 Inclusive Taxes:
- Tax 1 Charge Code: 820 (amount $2), inclusive tax = $2
- Tax 2 Charge Code: 810 (5.875%), inclusive tax = 5.875% of $104.98 = $6.17
- Tax 3 Charge Code: 800 (8.875%), inclusive tax = 8.875% of $104.98 = $9.32
- Tax 4 Charge Code: 830 ($1.5), inclusive tax = $1.5
Based on the above, a total of $18.99 will be displayed as FEES in the deposit balance.
