Question

If the sales tax in your city is 5.4% and an item costs $5 before tax, how much tax would you pay on that item? Round up to the nearest cent.

Answer 1

Answer:

Take % number and move decimal two digits to left.

$5.00 * .054 = $.27

Step-by-step explanation:

Answer 2

The tax  amount you would pay on that item is: $0.27

Using this formula

Tax amount=Sales tax × Cost of item

Where:

Sales tax=5.4%

Cost of item=$5

Let plug in the formula

Tax amount=5.4%×$5

Tax amount=$0.27

Inconclusion the tax  amount you would pay on that item is: $0.27

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