Question

Sales tax in Reagan County is 7.5% on all purchases. Calculate the sales tax on the following purchase totals (round answers to the nearest cent):

(a) $25.55 (b) $155.75 (c) $256.18

Answer 1

(a) $1.92

(b) $11.68

(c) $19.21

Explanation:

The tax is the product of the tax rate (7.5%) and the taxed amount.

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(a)

0.075 × $25.55 ≈ $1.92

(b)

0.075 × $155.75 ≈ $11.68

(c)

0.075 × $256.18 ≈ $19.21

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It is convenient to use a calculator for these values. A suitable calculator can do the rounding for you.