Sales Tax

Front

What is sales tax?

Back

Sales tax is a consumption tax imposed by the government on the sale of goods and services, calculated as a percentage of the purchase price.

Tags

CCSS.6.RP.A.3B

Front

How do you calculate the total cost including sales tax?

Back

To calculate the total cost including sales tax, multiply the price of the item by the sales tax rate (as a decimal), then add that amount to the original price.

Tags

CCSS.6.RP.A.3B

Front

If an item costs $50 and the sales tax is 8%, what is the total cost?

Back

Total cost = $50 + ($50 * 0.08) = $54.

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CCSS.6.RP.A.3C

Front

What is the formula for calculating sales tax?

Back

Sales Tax = Price × Sales Tax Rate.

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CCSS.6.RP.A.3D

Front

What is the difference between inclusive and exclusive sales tax?

Back

Inclusive sales tax is included in the displayed price, while exclusive sales tax is added on top of the displayed price.

Tags

CCSS.6.RP.A.3B

Front

How do you convert a percentage to a decimal for calculations?

Back

To convert a percentage to a decimal, divide the percentage by 100.

Front

What is the total cost of an item priced at $30 with a 5% sales tax?

Back

Total cost = $30 + ($30 * 0.05) = $31.50.

Tags

CCSS.6.RP.A.3C

Front

If the sales tax rate is 10%, how much tax is paid on a $200 purchase?

Back

Tax paid = $200 * 0.10 = $20.

Tags

CCSS.6.RP.A.3C

Front

What is the total cost of an item priced at $15 with a 7% sales tax?

Back

Total cost = $15 + ($15 * 0.07) = $16.05.

Tags

CCSS.6.RP.A.3C

Front

How do you find the sales tax amount if you know the total cost and the price before tax?

Back

Sales Tax Amount = Total Cost - Price Before Tax.

Tags

CCSS.6.RP.A.3D