Formula Needed, Accounting Basics

Assignment Help:
Hello, I work in the Events Department for a country club in Rhode Island. We are trying to figure out the following question for an invoice:

A restaurant bill is $18.50 and includes gratuity and tax.
In our restaurant, gratuity is added to the bill, and that sum is then taxed.

If the bill is $18.50, what amount is the gratuity and what amount is the tax?


Related Discussions:- Formula Needed

Explain the term- salaries expense and payment, Explain the term- Salaries ...

Explain the term- Salaries Expense and payment The Accounting Entry for Employee Earnings and Deductions Employer is the "agent" who is responsible for withholding the a

Recording changes in revenues and expenses, Q. Recording changes in revenue...

Q. Recording changes in revenues and expenses? Examine that Notes Payable, liabilities and increase with an entry on the right (credit) side of the account. Recording changes i

Trading and profit and loss account, state why carriage inwards is stated o...

state why carriage inwards is stated on the trading account

Ratio analysis, want to know sbp bsc rato analysis for 2010 t0 2014

want to know sbp bsc rato analysis for 2010 t0 2014

What do you mean by liabilities, Q. What do you mean by Liabilities? Li...

Q. What do you mean by Liabilities? Liabilities are the debts outstanding by a business. Usually a business should pay its debts by certain dates. A business acquires many of i

prepare the ledger accounts-trial balance-balance sheet , A part of Deeper...

A part of Deeper Coral's income is earned from conducting diving lessons.  Level Lesson Type Fee per hour I Intro

Ledger, on 1st july,2008,machinery purchased rs10,000 for cash from bhim.gi...

on 1st july,2008,machinery purchased rs10,000 for cash from bhim.give journal entry and prepare ledger accounts.

Explain benchmarking, Benchmarking A process by which a company reasse...

Benchmarking A process by which a company reassesses its established business practices by comparing them with the best practices of other organizations.  This process is desi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd