Tax and tip

Front

What is tax?

Back

Tax is a mandatory financial charge or levy imposed by a government on individuals or businesses to fund public services and infrastructure.

Front

What is a tip?

Back

A tip is a voluntary extra payment given to service workers, such as waiters or taxi drivers, as a reward for good service.

Front

How do you calculate the total cost including tax?

Back

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

Front

How do you calculate the total cost including tip?

Back

To calculate the total cost including tip, multiply the original price by the tip rate (as a decimal) and add that amount to the original price.

Front

What is the formula to calculate tax amount?

Back

Tax Amount = Original Price x Tax Rate.

Front

What is the formula to calculate tip amount?

Back

Tip Amount = Original Price x Tip Rate.

Front

If a lunch costs $7.50 and the tax is 4%, what is the tax amount?

Back

Tax Amount = $7.50 x 0.04 = $0.30.

Front

If a dinner bill is $80 and the tip is 20%, what is the tip amount?

Back

Tip Amount = $80 x 0.20 = $16.

Front

What is the total cost of a $30 meal with a 5% tax?

Back

Total Cost = $30 + ($30 x 0.05) = $31.50.

Front

If you spend $30 at a restaurant and leave a 15% tip, what is your total bill?

Back

Total Bill = $30 + ($30 x 0.15) = $34.50.