Answered: 7) Steve buys a new laptop for $729.00.…

7) Steve buys a new laptop for $729.00. If the sales tax rate is 9.25%, what is the total cost of the laptop? A) $796.43 B) $785.54 C) $774.65 D) $763.76 E) $752.87

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 8CE

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Concept explainers

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.

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7) Steve buys a new laptop for $729.00. If the sales
tax rate is 9.25%, what is the total cost of the
laptop?
A) $796.43
B) $785.54
C) $774.65
D) $763.76
E) $752.87

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