The sales tax rate in Connecticut is 6.35%. Megan wants to buy a jacket with a $45.00 price tag. She has a gift card to the store she wants to use. What amount needs to be on the gift card for Megan to be able to buy the jacket using only the gift card?

Answer 1

To determine the amount that needs to be on the gift card for Megan to buy the jacket, we need to calculate the total cost of the jacket, including sales tax.

1. Calculate the sales tax:

   • Sales tax rate in Connecticut = 6.35% = 0.0635
   • Price of the jacket = $45.00

   Sales tax = Price of the jacket × Sales tax rate \[ \text{Sales tax} = 45.00 \times 0.0635 = 2.8575 \]

2. Calculate the total cost:

   • Total cost = Price of the jacket + Sales tax \[ \text{Total cost} = 45.00 + 2.8575 = 47.8575 \]

   We'll round this to the nearest cent since we are dealing with currency: \[ \text{Total cost} \approx 47.86 \]

Therefore, the amount that needs to be on the gift card for Megan to buy the jacket using only the gift card is $47.86.