Final answer:
The sales tax on a $95 purchase with a tax rate of 8.5% is $8.08. To calculate this, convert the percentage to a decimal (0.085) and then multiply it by $95. The total amount paid including tax would be $103.08.
Step-by-step explanation:
To calculate the tax on a $95 purchase with a tax rate of 8.5%, you need to convert the tax rate from a percentage to a decimal.
To do this, divide the tax rate by 100, which makes 8.5% equal to 0.085. Afterward, multiply the cost of the goods ($95) by the decimal tax rate (0.085) to find the amount of sales tax. So, the calculation will be $95 × 0.085 = $8.075, which when rounded to the nearest cent is $8.08.
The sales tax on $95 at a tax rate of 8.5% is therefore $8.08. This is an example of how to find out how much tax is added to a purchase using a sales tax calculator. To get the total amount you would pay, simply add the sales tax to the original price: $95 + $8.08 = $103.08.
To calculate the tax on $95 at a tax rate of 8.5%, you can use the formula: Tax = Amount imes Tax Rate. Plugging in the values, we get: Tax = $95 imes 0.085 = $8.075. Therefore, the tax on $95 is $8.075.