This cannot be properly answered since you did not specify the amount of the tax.
39.95 plus 5 percent sales tax = 41.95
The total tax is $0.49 and the total price with tax is $6.46
The total tax is $0.33 and the total price with tax is $4.33
The total tax is $6.19 and the total price with tax is $81.19
No. The sales tax is posted as a credit to the Sales Tax Payable Account. So, if you had a $100 sale plus $5 sales tax, you would debit cash $105, credit Sales $100 and credit Sales Tax Payable $5 Sales taxes are a collection you make for the State. It is funds entrusted to you by the State to be paid over to them. They are not part of your sales or receipts. (Gross income will be sales less cost of sales. This is before selling, general, administrative, interest and tax expenses are taken out.)
If the car is $2500 or less there is no sales tax.----------Actually its 2499, at least in Pope county
39.95 plus 5 percent sales tax = 41.95
498.00 plus 7.25 percent sales tax = 534.11
51.80 plus 6 percent sales tax = 54.91
150,000 plus 5 percent sales tax = 157,500.00
29.99 plus 6 percent sales tax = 31.79
39.90 plus 7 percent sales tax = 42.69
54.99 + 0.075% sales tax = 55.03
11.98 + 6% sales tax = 12.70
$8.50 + 6% sales tax = $9.01
6% plus the county sales tax rate
16.00 + 6.75% sales tax = 17.08