Easily calculate how much each person owes when dining out or sharing expenses. Our Split the Bill Calculator handles tips, taxes, and group sizes instantly.
Split the Bill Calculator
Split the Bill Calculator Formula
Formula Source: Refer to authoritative financial guidelines on Investopedia or CFPB.
Variables:
- Total Bill: The gross amount on the receipt before tipping.
- Tip Percentage: The gratitude percentage you wish to leave (commonly 15%, 18%, or 20%).
- Number of People: Total individuals sharing the expense.
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What is Split the Bill Calculator?
A Split the Bill Calculator is a specialized financial tool designed to simplify the process of dividing a shared expense among multiple parties. Whether it’s a dinner at a restaurant, a group travel expense, or a shared household utility bill, this tool ensures fairness and accuracy.
By automating the math, it eliminates the awkwardness of manual calculations at the table. It accounts for the subtotal and the desired tip percentage to provide a transparent “cost per person” figure, ensuring that the service staff is fairly compensated while everyone pays their exact share.
How to Calculate (Example)
- Enter the Total Bill ($120.00).
- Input the Tip % (15%).
- Enter the Number of People (3).
- Calculate Tip: $120.00 × 0.15 = $18.00.
- Total Payable: $120.00 + $18.00 = $138.00.
- Final Split: $138.00 / 3 = $46.00 per person.
Frequently Asked Questions (FAQ)
While etiquette varies, most people calculate the tip based on the pre-tax total. However, calculators often use the final bill amount for simplicity.
In the US, 15-20% is the standard for good service in restaurants.
This basic version assumes an even split. For items ordered individually, a “per-item” calculator is recommended.
Yes, rounding up to the nearest dollar often makes cash payments easier and is appreciated by service staff.