Taxes and Tips

Front

What is the decimal equivalent of 3.5%?

Back

0.035

Front

If Fred earns $10 an hour and works 40 hours, what can we say about his paycheck after taxes?

Back

It would be less than $400.

Front

What is the total cost of an item priced at $2.75 with a 5% sales tax?

Back

$2.89

Front

What is the discounted room rate per night at By the Wayside hotel after applying a 10% discount and a $5 coupon on a $89.99 rate?

Back

$75.99

Front

What is the typical percentage to tip a waiter or waitress?

Back

15-20%.

Front

How do you convert a percentage to a decimal?

Back

Divide the percentage by 100.

Front

What is sales tax?

Back

A tax added to the price of goods and services, usually expressed as a percentage.

Front

What does a discount mean?

Back

A reduction in the price of a product or service.

Front

How do you calculate the total cost after applying a discount?

Back

Subtract the discount amount from the original price.

Front

What is a coupon?

Back

A voucher that provides a discount on a product or service.