1 / 4

Basic Math Skills

Basic Math Skills. Lesson 10: Sales Tax p. 150-151. Definitions. Sales tax: money paid as tax when you buy an item Tax rate: the percent charged as tax. Sales Tax.

gyula
Télécharger la présentation

Basic Math Skills

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Basic Math Skills Lesson 10: Sales Tax p. 150-151

  2. Definitions • Sales tax: money paid as tax when you buy an item • Tax rate: the percent charged as tax

  3. Sales Tax • Most states charge a sales tax on items a consumer buys. The consumer pays this tax. The tax rate is a percent of the price to be added to the price. With sales tax, you round any part of a cent up instead of to the nearest cent.

  4. Example • A poster costs $10.90. Tax rate 5%. Tax: $10.90 x .05 = $0.545 rounded up to $0.55 Price with tax: $10.90 + $0.55 = $11.45

More Related