: an automatic electronic machine that can store and process data. See words that rhyme with computer Spanish Central: Translation of computer Nglish: Translation of computer for Spanish speakers Britannica English: Translation of computer for Arabic speakers Britannica.com: Encyclopedia article about computer.
To calculate each owner's net revenue interest, multiply her percentage ownership by the result of the previous calculation. Imagine two working interest owners, one with a 75 percent and the other with a 25 percent working interest.
Interest is calculated using the following formula: (Original liability x Rate x # of days delinquent divided by 365.25) Example: Assume the liability on an entityâs monthly sales tax return for February is $1,000. This return was due by March 20, but was not filed until April 22 (33 days late). The interest rate is 7.5%. $1,000 x 7.5% x 33 divided by 365.25 = $6.78.