Calculating Sales Tax

What is the first step in calculating the sales tax amount?

• Multiply the original price by the tax rate

• Add the tax rate to the original price

• Divide the original price by the tax rate

• Subtract the tax rate from the original price

How should a percentage tax rate be converted to a decimal for calculation?

• Divide the percentage by 10

• Multiply the percentage by 100

• Move the decimal point two places to the left

• Move the decimal point two places to the right

If an item costs $75 and the sales tax rate is 8%, what is the sales tax amount?

• $0.60

• $6.00

• $60.00

• $8.00

What is the final price of an item that costs $75 with an 8% sales tax?

• $75.08

• $83.00

• $81.00

• $69.00

How is a sales tax rate of 6.75% expressed as a decimal?

• 0.675

• 6.75

• 0.0675

• 0.00675

When calculating sales tax for monetary amounts, to which decimal place should the final result be rounded?

• Tenths place

• Hundredths place

• Thousands place

• No rounding is necessary

An item is priced at $349.99 with a sales tax rate of 6.75%. What is the final price, rounded to the nearest cent?

• $373.61

• $373.62

• $356.74

• $356.75