Sales Tax

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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.

Tags

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 a toy costs $15 and the sales tax is 6%, how much tax do you pay?

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Tax = $15 x 0.06 = $0.90.

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CCSS.6.RP.A.3C

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What is the total cost of a $30 shirt with a 10% sales tax?

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Total Cost = $30 + ($30 x 0.10) = $33.

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CCSS.6.RP.A.3C

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What happens if the sales tax rate increases?

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If the sales tax rate increases, the total cost of items will also increase because more tax will be added to the price.

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CCSS.6.RP.A.3B

Front

If you buy two items for $20 each and the sales tax is 5%, what is the total cost?

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Total Cost = (2 x $20) + ((2 x $20) x 0.05) = $40 + $2 = $42.

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CCSS.7.EE.B.3

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What is the sales tax on a $200 purchase with a 7% tax rate?

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Sales Tax = $200 x 0.07 = $14.

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CCSS.6.RP.A.3C