Calculate sales tax using the following information:

Taxable amount of the sale: $142

Sales tax percentage: 7%

What is the amount of the sales tax?

Round the answer to the nearest cent (hundredths).

1 answer

To calculate the sales tax, you can use the formula:

\[ \text{Sales Tax} = \text{Taxable Amount} \times \left(\frac{\text{Sales Tax Percentage}}{100}\right) \]

In this case, the taxable amount is $142 and the sales tax percentage is 7%. Plugging in the values:

\[ \text{Sales Tax} = 142 \times \left(\frac{7}{100}\right) \]

\[ \text{Sales Tax} = 142 \times 0.07 \]

\[ \text{Sales Tax} = 9.94 \]

Therefore, the amount of the sales tax is $9.94.