Business And FinanceTax And Gratuities Part 2
Please enter something

Tax And Gratuities Part 2

Isadora Walker avatar Isadora Walker
8 September 2022
4.7 (114 reviews)
8 test answers

Unlock all answers in this set

Unlock answers (4)
question
calculate 7 1/4% tax on $1,540.
answer
$111.65
Explanation: To calculate the tax on an amount, you multiply the amount by the tax rate. In this case, you would multiply $1,540 by 0.0725 to get $111.50.
question
Zalia meets her friend at the science museum to see a special exhibition. The admission to the museum is $12.50 plus tax. Zalia pays for herself and her friend. They have lunch at the museum's cafe. Zalia has a sandwich for $5.95, an apple for $1.25 and a drink for $1.69. She is charged tax and also tips her server 15%. If tax is 7.25%, how much did Zalia pay all total for her day at the science museum?
answer
$37.68
question
Using mental math, the approximate tip to leave for a bill of $81.79, if you tip 15% would be _____..
answer
$12.30
Explanation: The approximate tip to leave for a bill of $81.79, if you tip 15% would be $12.27.
question
The following list shows the items and prices for a restaurant order. Calculate the total amount if there is 7.5% tax and the customer leaves a 15% gratuity. 1 appetizer: $8.99 2 entrees: $14.99 each 1 entree: $12.99 3 drinks: $1.99 each
answer
$70.96
Explanation: The total amount would be $71.48. The tax would be $5.36 and the gratuity would be $10.72.
question
The Changs updated their bedroom by purchasing a new lamp for $89.95 and a comforter set for $239.99. They paid 2007-03-04-00-00_files/i0120000.jpg% sales tax on their purchases. If the Changs paid $351.72 total, determine if they paid the correct amount.
answer
The Changs family paid the correct amount for their purchases.
Explanation: The Changs updated their bedroom by purchasing a new lamp for $89.95 and a comforter set for $239.99. They paid $25.72 sales tax on their purchases. If the Changs paid $351.72 total, they paid the correct amount.
question
A family eats out at a restaurant and the total for their meals is $73.89. They also pay sales tax of 5.8% and leave a tip for their server. If the family leaves a total of $93, which of the following might be a description of the service they received?
answer
They left a 20% tip, so the service was probably above average.
Explanation: If the family leaves a total of $93, the service they received was good.
question
Matthew bought 4 new compact discs at $16.99 each and a carrying case for $35.89. He paid 2007-03-04-00-00_files/i0250000.jpg% sales tax on his purchases. If Matthew paid $112.42 total, determine if he paid the correct amount.
answer
Matthew paid the correct amount for his purchases.
Explanation: If Matthew paid $112.42 total, he did not pay the correct amount. The correct amount would be $114.04.
question
Say that you are about to make a major purchase and would like to save money on sales tax. Which of these is a viable way to reduce the amount you will pay on sales tax?
answer
Sales tax varies by state, so you can travel to a state with a lower tax rate and make your purchase there.
Explanation: There are a few ways that you can reduce the amount of sales tax that you will pay on a major purchase. One way is to purchase the item in a state that has a lower sales tax rate than the state in which you live. Another way is to purchase the item online from a retailer that does not charge sales tax. Finally, you can try to negotiate with the seller to see if they are willing to lower the price of the item to offset the amount of sales tax you will be responsible for.