NCVPS Blended FM Review Module 4

Front

What is sales tax?

Back

Sales tax is a percentage of the purchase price that is added to the total cost of an item, collected by the seller and paid to the government.

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the purchase price by the sales tax rate (as a decimal). For example, for a $25 item with a 6.75% tax rate: $25 x 0.0675 = $1.69.

Front

What is a safe password?

Back

A safe password is a unique combination of letters (both upper and lower case), numbers, and symbols that is difficult to guess.

Front

Why is it important to use different passwords for different sites?

Back

Using different passwords prevents a security breach on one site from compromising accounts on other sites.

Front

What is the disadvantage of shopping in a physical store?

Back

One disadvantage is that you may have to wait in line to make a purchase.

Front

If a customer pays $60 for an item costing $56.99, how much change should be returned?

Back

The change to be returned is $3.01, calculated as $60 - $56.99.

Front

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

Back

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

Front

What is the sales tax rate in the given examples?

Back

The sales tax rate in the examples is 6.75%.

Front

What is the importance of using a combination of characters in a password?

Back

Using a combination of characters increases the complexity of the password, making it harder for unauthorized users to guess.

Front

How do you convert a percentage to a decimal?

Back

To convert a percentage to a decimal, divide the percentage by 100. For example, 6.75% becomes 0.0675.