Calculating Sales Tax

Front

What is sales tax?

Back

Sales tax is a percentage of the sale price of goods and services that is collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal).

Front

What is the formula to find the total price including sales tax?

Back

Total Price = Item Price + (Item Price × Sales Tax Rate) or Total Price = Item Price × (1 + Sales Tax Rate).

Front

If an item costs $50 and the sales tax is 10%, what is the sales tax amount?

Back

Sales Tax Amount = $50 × 0.10 = $5.

Front

If a book costs $15 and the sales tax is 5%, what is the final price?

Back

Final Price = $15 + ($15 × 0.05) = $15 + $0.75 = $15.75.

Front

What is the sales tax on a $200 item with a 7% sales tax rate?

Back

Sales Tax = $200 × 0.07 = $14.

Front

If a shirt costs $30 and the sales tax is 8%, what is the total amount paid?

Back

Total Amount = $30 + ($30 × 0.08) = $30 + $2.40 = $32.40.

Front

What is the total price of a $100 item with a 6% sales tax?

Back

Total Price = $100 × (1 + 0.06) = $100 × 1.06 = $106.

Front

If a pair of shoes costs $80 and the sales tax is 9%, what is the final price?

Back

Final Price = $80 + ($80 × 0.09) = $80 + $7.20 = $87.20.

Front

What is the total cost of a $250 item with a 5% sales tax?

Back

Total Cost = $250 × (1 + 0.05) = $250 × 1.05 = $262.50.