calculating tax

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).

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 total cost including sales tax?

Back

Total Cost = Purchase Price + (Purchase Price × Sales Tax Rate)

Front

If a computer costs $675 and the sales tax is 6%, what is the total cost?

Back

$715.50

Front

What is the sales tax on a $70 game with a 5% tax rate?

Back

$3.50

Front

If a phone costs $500 and has a 15% sales tax, what is the final price?

Back

$575.00

Front

What is the total cost of tickets that cost $600 with a 30% sales tax?

Back

$780.00

Front

If a shirt costs $20 and the sales tax is 15%, what is the final price?

Back

$23.00

Front

What does it mean if a sales tax is described as a percentage?

Back

It means that the tax is calculated as a fraction of the purchase price, expressed as a part of 100.