Question
If Kristin buys gas at $2.69 per gallon, which includes all taxes, what percentage of the price is the state tax? What percentage is the federal tax
The state tax is .8 and federal tax is .18.
So would I multiply each by the total amount the gas cost?
The state tax is .8 and federal tax is .18.
So would I multiply each by the total amount the gas cost?
Answers
Steve
state: .8/2.69 = 0.297 = 29.7%
federal: .18/2.69 = ?
federal: .18/2.69 = ?
Matthew
oh, I feel you