Percentage of a Number (sales and income tax)

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What is a percentage?

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A percentage is a way of expressing a number as a fraction of 100. It represents how much of something there is out of a total of 100.

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How do you calculate a percentage of a number?

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To calculate a percentage of a number, multiply the number by the percentage (in decimal form). For example, to find 10% of 50, calculate 50 x 0.10 = 5.

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What is 5% of $120?

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$6

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What is 10% of $230?

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$23

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What is sales tax?

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Sales tax is a tax imposed by the government on the sale of goods and services, usually calculated as a percentage of the purchase price.

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How do you calculate sales tax?

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To calculate sales tax, multiply the total purchase amount by the sales tax rate (in decimal form). For example, if the sales tax is 9% on a $100 purchase, the tax is $100 x 0.09 = $9.

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Zuri buys a popcorn for $9.25, a candy for $3, and a drink for $5.75. If the sales tax is 9%, how much will Zuri pay in tax?

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$1.62

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What is income tax?

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Income tax is a tax imposed on individuals or entities based on their income or profits.

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How do you calculate income tax?

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To calculate income tax, multiply the total income by the income tax rate (in decimal form). For example, if the income is $50,000 and the tax rate is 12%, the tax is $50,000 x 0.12 = $6,000.

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An average cashier earns an annual salary of $25,000. The income tax rate in Ohio is 12%. How much will the cashier have to pay in taxes?

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$3,000