Sales Tax Calculation Concepts
Interactive Video
•
Mathematics
•
6th - 7th Grade
•
Practice Problem
•
Hard
Thomas White
FREE Resource
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21 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of learning about sales tax?
To calculate discounts on products
To learn about historical tax systems
To apply it in daily purchasing activities
To understand complex mathematical theories
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate the sales tax for a product?
Subtract the tax percentage from the product price
Multiply the product price by the tax percentage
Divide the product price by the tax percentage
Add the product price to the tax percentage
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a product costs $70 and the sales tax is 8%, what is the sales tax amount?
$8.40
$6.80
$7.00
$5.60
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in calculating sales tax for a product?
Add the tax rate to the product price
Multiply the product price by the tax rate
Subtract the tax rate from the product price
Divide the product price by the tax rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a product costs $70 and the sales tax is 15%, what is the sales tax amount?
$10.50
$9.50
$8.00
$12.00
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What formula is used to calculate the total cost of a product including sales tax?
Price - (Price x Tax Rate)
Price + (Price x Tax Rate)
Price / (1 + Tax Rate)
Price x (1 + Tax Rate)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total cost of a $70 product with an 8% sales tax?
$72.40
$78.00
$70.80
$75.60
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