'40 ford cpe gas tank capacity

My owner's manual says 14 gallons. FYI: 1932 was 10 gal. and 1941-48 was 17 gal.
 
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1/8th of 14 is 1.75. Subtract 1.75 from 14 and you get 12.25. You can only get 11.5 more gallons in so it looks like you have .75 (12.25-11.5) gal left when gauge reads empty.
 
The 1940 Ford Reference Manual (page 103) shows 15 gallons for all Ford Cars and Commercial Vehicles.
 
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