Question 4:

Question

You are visiting the state of Tennessee and shopping for a board game. The state sales tax in Tennessee is 7%. You finally find the perfect game and bring it up to the register to pay for it. The price of the board game is $17.99.



4a. Determine the sales tax for your board game. Remember when using money we round to the nearest hundredths place.

What is the sales tax that you will pay for your board game?

Be sure to workout the problem on paper and use a calculator if needed.

(3 points)
Responses

$1.00
$1.00

$1.30
$1.30

$1.26
$1.26

$12.59

Answer 1

To determine the sales tax for the board game priced at $17.99 in Tennessee, where the sales tax rate is 7%, you can use the following formula:

\[ \text{Sales Tax} = \text{Price} \times \text{Sales Tax Rate} \]

Substituting the numbers into the formula:

\[ \text{Sales Tax} = 17.99 \times 0.07 \]

Calculating the multiplication:

\[ \text{Sales Tax} = 17.99 \times 0.07 = 1.2593 \]

Now, round this to the nearest hundredth:

\[ 1.2593 \approx 1.26 \]

So, the sales tax that you will pay for your board game is $1.26.