Sales Tax

Front

What is sales tax?

Back

Sales tax is a percentage of the price of goods or services that is added to the total cost at the time of purchase.

Front

How do you calculate the total cost with sales tax?

Back

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

Front

What is the formula to find the sales tax amount?

Back

Sales Tax Amount = Price × Sales Tax Rate.

Front

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

Back

Sales Tax Amount = $50 × 0.08 = $4.00.

Front

What is the total cost of an item priced at $50 with 8% sales tax?

Back

Total Cost = $50 + $4.00 = $54.00.

Front

What is the decimal equivalent of 6%?

Back

0.06

Front

If a shirt costs $20 and the sales tax is 5%, what is the total cost?

Back

Total Cost = $20 + ($20 × 0.05) = $21.00.

Front

What does it mean to 'add' sales tax to the price?

Back

Adding sales tax means increasing the original price by the calculated tax amount to find the final price paid.

Front

If the sales tax is 10% and a book costs $15, what is the total cost?

Back

Total Cost = $15 + ($15 × 0.10) = $16.50.

Front

What is the sales tax on a $100 purchase with a 7% tax rate?

Back

Sales Tax = $100 × 0.07 = $7.00.