Question

An item is priced at $13.34. If the sales tax is 8%, what does the item cost including sales tax? If necessary, round to the nearest cent.
A.
$12.27
B.
$14.41
C.
$13.82
D.
$14.14

Answer 1

To calculate the total cost of the item including sales tax, you need to first determine the sales tax amount and then add it to the original price.

1. **Calculate the sales tax:**
\[
\text{Sales tax} = \text{Price} \times \text{Sales tax rate}
\]
\[
\text{Sales tax} = 13.34 \times 0.08 = 1.0664
\]

2. **Round the sales tax to the nearest cent:**
\[
\text{Sales tax} \approx 1.07
\]

3. **Calculate the total cost:**
\[
\text{Total cost} = \text{Price} + \text{Sales tax}
\]
\[
\text{Total cost} = 13.34 + 1.07 = 14.41
\]

Thus, the total cost of the item including sales tax is **$14.41**.

The answer is **B. $14.41**.