An item has a listed price of $70. If the sales tax is 6%. How much is sales tax (in dollars)?
70*.06
$4.2
$4.20?
.06*$70 = $4.20
it is supposed to be in dollars accurate to the penny
To calculate the sales tax, you can use the formula:
Sales tax = (Listed price * Tax rate)
In this case, the listed price is $70 and the tax rate is 6%.
Sales tax = (70 * 0.06) = $4.20
Therefore, the amount of sales tax is $4.20.
To find the sales tax amount, you can multiply the listed price of the item by the sales tax rate, which is given as 6%.
The first step is to convert the sales tax rate from a percentage to a decimal by dividing it by 100. In this case, 6% becomes 0.06 (6/100 = 0.06).
Next, multiply the listed price of the item ($70) by the decimal sales tax rate (0.06):
$70 * 0.06 = $4.20
So, the sales tax on an item with a listed price of $70 and a 6% sales tax rate is $4.20.