Sales Tax Savvy

If the sales tax rate is 6%, what is the sales tax on an item that costs $50?

• $2.00

• $3.00

• $5.00

• $6.00

How much would you pay in total for a $120 item in a state with a 5% sales tax rate?

• $126.00

• $125.00

• $120.00

• $124.00

Which of the following items is often exempt from sales tax?

• Clothing

• Alcohol

• Candy

• Electronics

State A has a sales tax rate of 7%, while State B has a rate of 9%. How much more in sales tax would you pay for a $200 purchase in State B compared to State A?

• $2.00

• $4.00

• $6.00

• $8.00

What is the total cost of a $75 item with a sales tax rate of 8%?

• $80.00

• $81.00

• $82.00

• $83.00

If you buy a book for $30 and the sales tax rate is 5%, what is the total amount you will pay?

• $31.50

• $32.00

• $31.00

• $33.00

Which of the following is a common reason why sales tax is collected by governments?

• To fund private businesses

• To pay for public services

• To reduce the number of sales

• To increase the cost of living

A laptop costs $500 before tax, and the sales tax rate is 10%. What is the total cost of the laptop after including sales tax?

• $550.00

• $500.00

• $510.00

• $540.00

If a state has no sales tax, how much would you pay for an item listed as $40?

• $40.00

• $42.00

• $44.00

• $46.00

A pair of shoes costs $60, and the sales tax rate is 4%. What is the sales tax amount you would need to pay?

• $2.40

• $2.50

• $2.60

• $2.80