Checkpoint #12: Finding Sales Tax

Front

What is sales tax?

Back

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.

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). For example, for a $100 item with a 6% tax, the tax is $100 x 0.06 = $6.

Front

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

Back

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

Front

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

Back

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

Front

What is the sales tax on a $20 item with a 5% tax rate?

Back

Sales Tax = $20 x 0.05 = $1.00.

Front

If the price of a toy is $15 and the sales tax is 7%, what is the total cost?

Back

Total Cost = $15 + ($15 x 0.07) = $16.05.

Front

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

Back

Total Cost = $100 + ($100 x 0.06) = $106.

Front

How much is the sales tax on a $200 purchase with a 10% tax rate?

Back

Sales Tax = $200 x 0.10 = $20.

Front

If a shirt costs $25 and the sales tax is 6%, what is the total cost?

Back

Total Cost = $25 + ($25 x 0.06) = $26.50.

Front

What is the total cost of a $50 item with a 5% sales tax?

Back

Total Cost = $50 + ($50 x 0.05) = $52.50.