Suppose there is a 15 % federal excise tax on indoor tanning services . How much do you pay , in dollars , in federal excise taxes for a $ 14 tanning session ?

Question

asked Jul 8, 2023 136k views

1 Answer

Akhorus · Answer 1 · 2023-07-11T12:24:40+0000

SOLUTION:

If the excise tax rate is 15%.

For a tanning session of $14, We would pay 15% of that in federal excise taxes.

This amounts to;

$(15)/(100)*14=\text{ \$}2.1$