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CALCULATING TAX

CALCULATING TAX. DEFINITION:. A sum of money demanded by government for its support or specific facilities or services, levied upon incomes, property sales. Example/Drawing/formula. Price: $70.00 Tax is 6%: .06 Tax: $4.20 Total = $74.20 (70.00 + 4.20). Question:.

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CALCULATING TAX

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  1. CALCULATING TAX

  2. DEFINITION: A sum of money demanded by government for its support or specific facilities or services, levied upon incomes, property sales.

  3. Example/Drawing/formula Price: $70.00 Tax is 6%: .06 Tax: $4.20 Total = $74.20 (70.00 + 4.20)

  4. Question: Shayna went to Pearl Ridge to go to Foot Locker. She wanted to get a new pair of shoes to go with her new baby phat out-fit. After 1 hour she finally found the shoes that she wanted. The cost was $49.58 and the tax was 7.25%. How much will the shoes cost Shayna?

  5. Solutions $49.58 * .0725 = $3.5946* *Round up to next cent = $3.60, so $49.58 + $3.60 = $53.18 Answer: $53.18

  6. Credits Thanks to Google for the pictures. Thanks to Mr. Imamura for helping me. And thanks to Period 1 for watching my presentation.

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