What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?
Question
What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?
Solution
The equation to calculate the sales tax amount would be:
Sales Tax Amount = Purchase Price * Sales Tax Rate
In this case, the purchase price is $32 and the sales tax rate is 4% (or 0.04 when expressed as a decimal). So, the equation would be:
Sales Tax Amount = $32 * 0.04
Similar Questions
If an item is purchased for $30 and the sales tax rate is 5%, what equation would correctly calculate the sales tax?Sales tax = Sales tax = Sales tax = Sales tax =
An item costs $370 before tax, and the sales tax is $33.30.Find the sales tax rate. Write your answer as a percentage.%
What equation would correctly calculate the total amount if an item costs $50 and the sales tax amount is ?
What does the amount represent when calculating the sales tax?
Which of the following is the correct sales tax equation?sales tax rate = sales tax amount purchase pricepurchase price = sales tax rate sales tax amountsales tax amount = sales tax = sales tax rate purchase price
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.