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Income Tax/Sales Tax/Discounts

Total questions: 10

Worksheet time: 2hrs 47mins

Name
Class
Date
1.

Calculate the adjusted income by applying income tax. Tax rate is 4.6%

Earnings: 72,575

Adjusted Income?

a)

$69,236.55

b)

$72,574.95

c)

$3,338.45

2.

Calculate the adjusted income by applying income tax. Tax rate is 4.6%.

Earnings: $37,250

Adjusted Income?

a)

$1713.50

b)

$35,536.50

c)

$37,249.95

3.

Calculate the sales tax for this purchase (not the final sale price). Sales Tax rate is 6.15%.

Joe buys a pop for $1.20, a candy bar for $0.85, and a magazine for $3.25.

a)

Sales Tax is $0.33

b)

Sales Tax is $5.63

c)

Sales Tax is $6.15

d)

Sales Tax is $0.42

4.

Calculate the final sale by including sales tax. Sales tax rate is 6.15%.

Darlene purchased a TV for $925.99, a surround sound speaker for $349.99, and a PS5 for $599.99.

a)

Final Sale: $1875.97

b)

Final Sale: $1991.34

c)

Final Sale: $115.37

d)

$6.15

5.

Figure the final sale after applying the discount. A store is having a sale: "take 10% off your total purchase."

Jacob buys a couch for $275.99, a table for $499.99, and a chair for $350.

a)

Final Sale: $1013.38

b)

Final Sale: $1125.98

c)

Final Sale: $112.60

d)

Final Sale: $1115.98

6.

Figure the Sales Tax only. The sales tax rate is 6.15%.

Tina buys a tub of lard for $4.62.

a)

Sales Tax: $0.28

b)

Sales Tax: $6.15

c)

Sales Tax: $4.90

7.

Calculate the entire sale, including the discount and sales tax. Sales tax rate is 6.15%. A store is having a sale, "take an additional 5% off your total sale".

James buys a game for $59.99, a bean bag chair for $99.99, and a new controller for $49.99.

a)

$199.47

b)

$10.50

c)

$211.74

d)

$209.97

8.

If Jane buys $322.89 worth of merchandise at a discount of 15%, what is the discounted price.

a)

$274.46

b)

$48.43

c)

$307.89

9.

Income Tax _______ an individual's income.

a)

lowers

b)

raises

10.

Sales Tax ______ a sale price.

a)

lowers

b)

raises