Question

What is the sale tax on a $1,00 purchase

Answer 1

Let's suppose that the sales tax rate is 6.25%.

First, we need to compute the 6.25% of $1.00, as follows:

`1.00\cdot(6.25)/(100)=0.06\text{ \$}`

The sale tax is $0.06

The total cost of the purchase is $1.00 + $0.06 = $1.06