Quiz about Calculating Sales and Income Taxes

Question 1

John earns $250 per week at his job. His company withdraws 5% of his income for federal taxes. How much does John pay in taxes each week?

Accepted Answer

$12.50

Answer

$5

Answer

$237.50

Answer

$25

Question 2

John earns $250 each week at his job. His company takes 5% of his earnings for federal income taxes. How much money does John have after taxes?

Accepted Answer

$237.50

Answer

$12.50

Answer

$250

Answer

$25

Question 3

Joan buys a new pair of shoes that cost $50 before sales tax. She looks at her receipt and realizes that she paid $3.50 in sales tax. What is the percent sales tax rate that she paid for her shoes?

Accepted Answer

7%

Answer

6%

Answer

6.5%

Answer

7.5%

Question 4

Harry buys a new car that costs $25000 before taxes. If the sales tax rate in his state is 6%, how did he pay in TOTAL for the car?

Accepted Answer

$26,500

Answer

$1,500

Answer

$25,000

Answer

$3,000

Question 5

The price of a new laptop is $899. The sales tax rate is 7%. What is the sales tax on this computer in dollars and cents?

Accepted Answer

$62.93

Answer

$75

Answer

$961.93

Answer

$899

Question 6

Sam plans to buy a new Xbox Series X. The price is $499. Sales tax in his state is 9%. What is the sales tax in dollars and cents that Sam will have to pay?

Accepted Answer

$44.91

Answer

$50

Answer

$499

Answer

$543.91

Question 7

Sam plans to buy a new Xbox Series X. The price is $499. Sales tax in his state is 9%. What is the TOTAL COST including sales tax that Sam will have to pay?

Accepted Answer

$543.91

Answer

$50

Answer

$499

Answer

$44.91

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