Home insurance is exempt from GST and only 8.00% PST is payable for such services in Ontario. If the insurance cost of a house in Ontario including taxes is $890.00 per year, calculate the amount of tax included in the total cost. Round to the nearest cent

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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Home insurance is exempt from GST and only 8.00% PST is payable for such services in
Ontario. If the insurance cost of a house in Ontario including taxes is $890.00 per year,
calculate the amount of tax included in the total cost.
Round to the nearest cent
->
Transcribed Image Text:of 8 Home insurance is exempt from GST and only 8.00% PST is payable for such services in Ontario. If the insurance cost of a house in Ontario including taxes is $890.00 per year, calculate the amount of tax included in the total cost. Round to the nearest cent ->
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