Sales Tax

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What is sales tax?

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Sales tax is a percentage of the price of a product that is added to the total cost when you buy it. It is collected by the seller and paid to the government.

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CCSS.6.RP.A.3C

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How do you calculate sales tax?

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To calculate sales tax, multiply the price of the item by the sales tax rate (as a decimal). For example, for a $100 item with a 5% tax, the tax is $100 x 0.05 = $5.

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CCSS.6.RP.A.3D

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

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Total Cost = Price + (Price x Sales Tax Rate).

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CCSS.6.RP.A.3C

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

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Total Cost = $50 + ($50 x 0.08) = $54.

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CCSS.6.RP.A.3C

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What is a sales tax rate?

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A sales tax rate is the percentage that is charged on the sale of goods and services, which varies by location.

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CCSS.6.RP.A.3C

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If the price of a toy is $20 and the sales tax is 5%, how much tax do you pay?

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Tax = $20 x 0.05 = $1.00.

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CCSS.6.RP.A.3C

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What is the total cost of a $100 item with a 10% sales tax?

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Total Cost = $100 + ($100 x 0.10) = $110.

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CCSS.6.RP.A.3C

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What does it mean if an item is tax-exempt?

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Tax-exempt means that the item is not subject to sales tax, often due to specific laws or regulations.

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How does sales tax affect the final price of an item?

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Sales tax increases the final price you pay for an item, making it higher than the sticker price.

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CCSS.6.RP.A.3D

Front

If a shirt costs $30 and the sales tax is 6%, what is the total cost?

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Total Cost = $30 + ($30 x 0.06) = $31.80.

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CCSS.6.RP.A.3C