Not really a sales tax. But you will pay property taxes to the city, county and some states every year.
Sales tax is on the purchase price not the value.
sales tax ----------------- purchase tax value added tax
Total with sales tax $48.76 minus total without sales tax $46.00 = sales tax $2.76. Sales tax $2.76 divided by purchase $46.00 = sales tax rate 6%.
what is the sales tax on a purchase of $264.00
The sales tax is $48.65
The tax rate is 6%
There is no sales tax on real estate purchases.
11.5
A sales tax is a consumption tax, usually paid by the consumer at the point of purchase. For A+ answer is regressive
The amount of sales tax on a $49.00 purchase depends on the sales tax rate in your area. For example, if the sales tax rate is 7%, the sales tax would be $3.43, making the total amount $52.43. To calculate, simply multiply the purchase amount by the sales tax rate (0.07). Adjust the rate accordingly if your local sales tax differs.
take the amount of the sales tax and divide it by the percent of the tax... i was on that same question on my hw
The total tax is $1.40