Sales Tax Portfolio

Question

You are visiting one of the following states: Tennessee, Vermont, Wisconsin, or
Wyoming. Each has a state sales tax on most items that are for sale in stores.
While you are visiting, you decide to buy a board game to play with your hosts. The
cost of the game is between $10 and $20, and it is not a whole dollar amount.
Decide the cost of the board game. Write it here: ______
Now choose one of the four states listed above. Write it here: __________________
Use the internet to find the state’s general sales tax. Note that some counties, towns,
or cities may add more to the general sales tax, but you only need the general sales
tax. Write the tax rate here: ________
What is the total cost of the board game, including sales tax? Show your work. i put wyoming and 13.99

Answer 1

Let's solve your problem step by step.

1. Cost of the Board Game: $13.99

2. Chosen State: Wyoming

3. Sales Tax Rate in Wyoming: The general state sales tax rate in Wyoming is 4%.

4. Calculate the total cost including sales tax:

   • First, calculate the sales tax: \[ \text{Sales Tax} = \text{Cost of the Board Game} \times \text{Sales Tax Rate} \] \[ \text{Sales Tax} = 13.99 \times 0.04 = 0.5596 \] Rounding this to two decimal places, the sales tax is approximately $0.56.

   • Then, calculate the total cost: \[ \text{Total Cost} = \text{Cost of the Board Game} + \text{Sales Tax} \] \[ \text{Total Cost} = 13.99 + 0.56 = 14.55 \]

5. Final Answer:

   • The total cost of the board game, including sales tax, is $14.55.