Sales Tax: Learn
Many states and cities levy a sales tax on retail purchases. The sales tax is determined by finding a percentage of the purchase price. The percentage of tax called the tax rate varies between different cities and states.
For example, in one state the sales tax rate is 6%. If someone makes a $10 purchase, then the tax on that purchase is 10*0.06 = $0.60.
But in another state, the sales tax rate is 5.5%. If someone makes a $10 purchase there, then the tax on that purchase is 10*0.055 = $0.55.
Sales Tax: Practice
What is the sales tax?
Note: Your answer should begin with a dollar sign and be rounded to the nearest cent.
What is the sales tax amount if the rate is % and
you make a purchase of $?
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