Replied: Tue, 21 Aug 2001 16:05:51 -0400 Replied: "Cecilia Farmer" Return-Path: cfarmer@csit.fsu.edu Return-Path: Delivered-To: fox@csit.fsu.edu Received: from admin4 (admin4.csit.fsu.edu [144.174.128.184]) by mailer.csit.fsu.edu (Postfix) with SMTP id 0C8C723A13; Tue, 21 Aug 2001 16:03:20 -0400 (EDT) Message-ID: <012801c12a7c$53aad360$b880ae90@csit.fsu.edu> From: "Cecilia Farmer" To: Cc: "Ahmet Uyar" , "Carol Montague" Subject: Fw: payment Date: Tue, 21 Aug 2001 16:03:20 -0400 MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_0125_01C12A5A.CC66D8C0" X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 5.50.4133.2400 X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400 This is a multi-part message in MIME format. ------=_NextPart_000_0125_01C12A5A.CC66D8C0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Geoffrey When calculating the tax factor I used .28 X health insurance and = tuition . I realize this is lower than they will get back but also they = will get it back in taxes at the end of the year. Back last year I used = the same calculation . You approved the spreadsheet this time. I have = tried to explain to Uyar that most places do not even add the tax factor = or pay for health insurance but he wants me to change it and I would = consider doing that but after sending you the spreadsheet we have based = our budget on those numbers and there is no more money at this time to = add in the new calculation. I understand how Uyar feels but at the same = time you are being generous even adding any taxfactor. Also yesterday = after hoping we were finalizing the figures Uyar comes with new = insurance figues to increase . Please advise. thanks cecelia ----- Original Message -----=20 From: Ahmet Uyar=20 To: Cecilia Farmer=20 Sent: Monday, August 20, 2001 1:00 PM Subject: payment Hi Cecilia, The total amount of money(tution + health insurance) which will be paid = to me is $6,033 + $5,112 =3D $11,145. When you calculate the tax, if you add the %28 of $11,145 to itself, = then the total will be 11,145 + 11,145*.28 =3D $14,265.60.=20 but this is not correct way to calculate it. if you calculate this way = then, I will get the %72 of $14,265.60. It is $10,271.23. So it is $874 = less than the amount I should get ($11,145.00). The correct way to calculate the tax is following: We should find an = amount whose %72 will be $11.145.00. We can find it like this: = 11,145.00/0.72 =3D $15,479.16. So this is the correct amount you should = pay to me. When they subtract the %28 of tax from this amount, I will = get $11,145.00. Thank you. Ahmet Uyar ------=_NextPart_000_0125_01C12A5A.CC66D8C0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable
Geoffrey
 
When calculating the tax factor I used = .28 X health=20 insurance and tuition .  I realize this is lower than they will get = back=20 but also they will get it back in taxes at the end of the year.  = Back last=20 year I used the same calculation .  You approved the spreadsheet = this=20 time.  I have tried to explain to Uyar that most places do not even = add the=20 tax factor or pay for health insurance but he wants me to change it and = I would=20 consider doing that but after sending you the spreadsheet we have based = our=20 budget on those numbers and there is no more money at this time to add = in the=20 new calculation.  I understand how Uyar feels but at the same time = you are=20 being generous even adding any taxfactor.  Also yesterday after = hoping we=20 were finalizing the figures Uyar comes with new insurance figues to = increase .=20 Please advise.
 
thanks
 
cecelia
----- Original Message -----=20
From: Ahmet = Uyar
Sent: Monday, August 20, 2001 1:00 PM
Subject: payment

Hi Cecilia,
 
The total amount of money(tution + = health=20 insurance) which will be paid to me is $6,033 + $5,112  =3D=20 $11,145.
 
When you calculate the tax, if you add = the %28 of=20 $11,145 to itself, then the total will be 11,145 + 11,145*.28 = =3D=20 $14,265.60.
but this is not correct way to = calculate it. if you=20 calculate this way then, I will get the %72 of $14,265.60. It is=20 $10,271.23. So it is $874 less than the amount I should get=20 ($11,145.00).
 
The correct way  to calculate the = tax is=20 following: We should find an amount whose %72 will be $11.145.00. We can = find it=20 like this: 11,145.00/0.72 =3D $15,479.16. So this is the correct amount = you should=20 pay to me. When they subtract the %28 of tax from this amount, I = will get=20 $11,145.00.
 
Thank you.
 
Ahmet Uyar
 
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