Question

What is the amount of tax paid for an item that is 58.73 at a tax rate of 6.5%

Answer 1

$3.81745 or just $3.82

Explanation:

6.5 of 100 is 6.5 so if we divide by 2 we know the answer will be at LEAST 3.25 so this answer makes sense. In your calculator you can do: 58.73 * .065