Answer:
Amount of tax = 26.93 (Approx.)
Step-by-step explanation:
Given:
Cost of computer = $398.50
Sales tax rate = 7.25% = 0.0725
Find:
Amount of tax
Computation:
Amount of tax = [Cost of computer x Sales tax rate] / [1+Sales tax rate]
Amount of tax = [398.50 x 0.0725] / [1+0.0725]
Amount of tax = 26.93 (Approx.)