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

If an item costs $100 and the sales tax is 5%, what is the sales tax amount?

Back

$5.00

Front

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

Back

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

Front

If a shirt costs $30 and the sales tax is 10%, what is the final price?

Back

$33.00

Front

What is the sales tax on a $50 item with a 7% sales tax rate?

Back

$3.50

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How much would you pay in total for a $200 item with a 15% sales tax?

Back

$230.00

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If the sales tax is 8% and the total cost is $108, what was the original price before tax?

Back

$100.00

Front

What is the sales tax on a $120 item with a 6% sales tax rate?

Back

$7.20

Front

If a movie ticket costs $15 and the sales tax is 5%, what is the total cost?

Back

$15.75