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Suppose you bought a digital camera for a total purchase price of $276.99. If state taxes were 6.2%, what was the amount of the sales tax?
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- Suppose you bought a digital camera for a total purchase price of $277.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.) a. $5.40 b. $14.24 c. $15.01 d. $51.48You purchase a backpack for $24.95, a calculator for $34.55, and a notebook for $1.50. If the sales tax rate is 12%, how much will you pay in total including tax?Suppose that the local sales tax rate is 4% and you purchase a car for $24,800. a. How much tax is paid? b. What is the car's total cost?
- Suppose you bought a sofa for a total purchase price of $1,594.97. State taxes were 6%. What was the amount of the sales tax (in $)? (Round your answer to the nearest cent.)______How much tax will be collected on a luxury item costing $12,720 if the rate is 7% on the first $10,000 and 11% on the amount over $10,000?You own an a townhome with an assessed value of $184,800. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) a) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? b) If the state charges a mandatory 3 1/2% penalty for late payments, how much (in $) would the tax bill amount to if you paid late?
- You own an a townhome with an assessed value of $184,600. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) propery tatx $4061.20 If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early?A VAT Taxpayer had the following data on sales and purchases of a month, value-added tax not included: Sales, exports P4,000,000 Purchases from VAT taxpayersP1,200,000 How much is the value-added tax refundable?A camera has a listed price of $598.99 before tax. If the sales tax rate is 7.25%, find the total cost of the camera with sales tax included. Round your answer to the nearest cent, as necessary. s
- Chase Cutter has a marginal tax rate of 33 percent, a state income tax rate of 3.5 percent, and a city income tax rate of 0.5 percent. The tax for Social Security and Medicare is 7.65 percent. What would be the effective marginal tax rate on your last dollar of earnings?You received $5,000 in interest revenue during the year. Your federal marginal tax rate was 26% and average tax rate was 20%. How much federal income taxes did you pay? Select one: a. $1,300 b. $1,650 c. $950 d. $1,450 e. $3,300You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $813,750. (a) How much of this revenue was sales (in $) and how much was sales tax (in $)? sales $sales tax $ (b) How much sales tax (in $) should be sent to the city? $ (c) How much sales tax (in $) should be sent to the state? $