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Question 4: 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

1 answer

To calculate the sales tax for the board game, you can follow these steps:

  1. Identify the price of the board game: $17.99

  2. Determine the sales tax rate: 7% (or 0.07 as a decimal)

  3. Calculate the sales tax:

    Sales Tax = Price of the board game × Sales Tax Rate
    Sales Tax = $17.99 × 0.07

    Now, performing the multiplication:

    Sales Tax = $1.2593

  4. Round to the nearest hundredths place:

    Rounding $1.2593 to the nearest hundredths place gives you $1.26.

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