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The tax rate in Queens, New York is 8.75%. The tax rate in New Orleans, Louisiana is 9.45%. How much more would you pay for a $700 TV if you buy it in New Orleans instead of buying it in Queens?

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Final answer:

You would pay $4.90 more for a $700 TV in New Orleans, Louisiana, than in Queens, New York, based on their respective tax rates of 9.45% and 8.75%.

Step-by-step explanation:

To calculate how much more you would pay for a $700 TV in New Orleans compared to Queens, we need to find the difference in tax amounts. In Queens, the tax rate is 8.75%, so the tax amount would be 8.75% of $700, which is $61.25. In New Orleans, the tax rate is 9.45%, so the tax amount would be 9.45% of $700, which is $66.15. To find the difference, we subtract the tax amount in Queens from the tax amount in New Orleans, which is $66.15 - $61.25 = $4.9.

To calculate the difference in tax paid for a $700 TV in Queens, New York versus New Orleans, Louisiana, we'll use their respective tax rates of 8.75% and 9.45%. In Queens, the tax on the TV would be $700 × 0.0875 = $61.25. In New Orleans, the tax would be $700 × 0.0945 = $66.15. Now we subtract the tax in Queens from the tax in New Orleans to find the difference: $66.15 - $61.25 = $4.90. Therefore, you would pay $4.90 more for the TV in New Orleans than in Queens.