Search Header Logo
  1. Resource Library
  2. Math
  3. Financial Literacy
  4. Sales Tax
  5. Understanding Sales Tax Calculation
Understanding Sales Tax Calculation

Understanding Sales Tax Calculation

Assessment

Interactive Video

Mathematics

9th - 10th Grade

Practice Problem

Hard

Created by

Jennifer Brown

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main topic discussed in the video?

How to shop at Walmart

Understanding sales tax

Calculating discounts

Using a debit card

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the initial step in calculating the tax from a subtotal?

Subtracting the tax from the total

Multiplying the subtotal by the tax rate

Dividing the subtotal by the tax rate

Adding the tax rate to the subtotal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the percentage converted into a decimal for calculation?

By subtracting 10

By dividing by 100

By multiplying by 10

By adding 100

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the word 'of' signify in mathematical calculations?

Subtraction

Addition

Division

Multiplication

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why was the initial tax calculation incorrect?

The tax rate was wrong

Non-taxable items were included

The decimal conversion was wrong

The subtotal was incorrect

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the correct tax amount after excluding non-taxable items?

$2.50

$3.46

$3.60

$4.00

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if an item is marked as non-taxable?

Ignore the item completely

Double the tax rate

Exclude it from the tax calculation

Include it in the tax calculation

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?