No Taxation Without Calculation: Sales Tax, Income Tax, and Fees

Use the Distributive Property to rewrite each product. Then simplify the product. Round to the nearest penny. 1. $7.80(1 + 0.055) = _______

Use the Distributive Property to rewrite each product. Then simplify the product. Round to the nearest penny. 2. $36.41(1 + 0.047) = _______

• $38.13

• $37.92

• $36.59

• $37.23

Use the Distributive Property to rewrite each product. Then simplify the product. Round to the nearest penny. 3. $22(1 + 0.07) = _______

How can you apply proportional reasoning to solve problems about taxes?

• By comparing the tax rate to the total amount to find the tax owed

• By guessing the tax amount based on previous years

• By ignoring the tax rate and using a fixed amount

• By using only addition and subtraction

What is sales tax?

• Sales tax is a tax on sales or on the receipts from sales.

• Sales tax is a discount given on products.

• Sales tax is a fee for using public transportation.

• Sales tax is a charge for parking vehicles.

What is income tax?

What is sales tax?

• A discount on the selling price

• A percentage of the selling price added to the price

• The original price of the item

• The cost of manufacturing the item

Sales tax is usually between ___% and ___%.

• 4; 7

• 1; 3

• 8; 12

• 10; 15

What are two things that sales taxes fund?

• Transportation and public schools

• Movie theaters and amusement parks

• Private clubs and golf courses

• Luxury hotels and casinos

What is the tax on $10.00 in Indiana (Sales Tax: 7%)?

• $0.70

• $0.07

• $0.17

• $0.77