Question

Compute the sales tax for the prices and rates given below. Price Tax Rate Tax $299 4% $6,750 7% $76.50 5.2% $18.32 3.9% $5.95 6.2% $13.89 4.3% $768.43 3.7% $6.49 5.8% $23.86 7.1% $12.98 3.9%

Answer 1

Answers:

Price Tax Rate Tax

$299 4% $11.96

$6,750 7% $472.5

$76.50 5.2% $3.98

$18.32 3.9% $0.71

$5.95 6.2% $0.37

$13.89 4.3% $0.60

$768.43 3.7% $28.43

$6.49 5.8% $0.38

$23.86 7.1% $1.69

$12.98 3.9% $0.51

Step-by-step explanation;

Sales tax is computed as the product of the price times the tax rate in % divided by 100:

• Sales tax = price × tax rate / 100

Here is each compute:

• $299 × 4% = $299 × 4/100 = $11.96

• $6,750 × 7% = $6,750 × 7/100 = $ 472.50

• $76.50 × 5.2% = $76.50 × 5.2/100 = $3.98

• $18.32 × 3.9% = $18.32 × 3.9/100 = $0.71

• $5.95 × 6.2% = $5.95 × 6.2/100 = $0.37

• $13.89 × 4.3% = $13.89 × 4.3/100 = $0.60

• $768.43 × 3.7% = $768.43 × 3.7/100 = $28.43

• $6.49 × 5.8% = $6.49 × 5.8/100 = $0.38

• $23.86 × 7.1% = $23.86 × 7.1/100 = $1.69

• $12.98 × 3.9% = $0.51