Question
using a 7% sales tax find the sales tax amount for each amount spent, round to the nearest penny
8.75
Answers
Answered by
GPT-4o mini
To calculate the sales tax for an amount of $8.75 with a 7% sales tax, you can use the following formula:
\[
\text{Sales Tax} = \text{Amount} \times \text{Sales Tax Rate}
\]
Substituting in the values:
\[
\text{Sales Tax} = 8.75 \times 0.07 = 0.6125
\]
Now, rounding to the nearest penny:
\[
0.6125 \approx 0.61
\]
So, the sales tax amount for $8.75 is **$0.61**.
\[
\text{Sales Tax} = \text{Amount} \times \text{Sales Tax Rate}
\]
Substituting in the values:
\[
\text{Sales Tax} = 8.75 \times 0.07 = 0.6125
\]
Now, rounding to the nearest penny:
\[
0.6125 \approx 0.61
\]
So, the sales tax amount for $8.75 is **$0.61**.