Answer:
The overall tax rate is 7%
Step-by-step explanation:
To calculate the overall tax rate, you can use a rule of three to determine the percentage of the taxes ($460) in regards to the cost of the car ($6,595). The license tags cost is not considered as it is an expense.
$6,595 → 100%
$460 → x
x= ($460*100%)/$6,595
x= 7%