1. Tax at 7.2%:
$10,988 x 0.072 = $791.14
2. Tax at 1.6%:
$10,988 x 0.016 = $175.81
3. Price of the Car with Taxes:
$10,988 + $791.14 + $175.81 = $11,955.95
Therefore, the total price of the car, including both state and county taxes, is $11,955.95.
A car is priced at $10,988 and the state sales tax rate is 7.2%. The county also collects an additional tax at a rate of 1.6%.
Determine the total price of the car by computing the taxes separately and then adding them onto the list price. Round your answers to the nearest cent.
Tax at 7.2% = ?
Tax at 1.6% = ?
Price of the Car with Taxes = ?
1 answer
1 answer