What is the primary purpose of sales tax?

Calculating Sales Tax Essentials

Interactive Video
•
Mathematics
•
6th - 10th Grade
•
Easy

Olivia Brooks
Used 7+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To support private businesses
To discourage buying
To pay for government services
To increase the price of goods
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following states does NOT have a state sales tax?
California
Delaware
Texas
Florida
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is sales tax generally calculated?
As a flat fee for all purchases
Based on the buyer's income
As a fixed amount per item
As a percentage of the purchase price
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in calculating sales tax?
Round the final amount
Add the tax rate to the price
Convert the tax rate to a decimal
Multiply the price by the tax rate
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Frankie wants to buy a book that costs $5. If the sales tax is 8.25%, what is the total cost of the book?
$5.41
$5.50
$5.25
$5.82
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do after multiplying the price by 1 plus the decimal tax rate?
Convert the result back to a percentage
Round the result to the nearest hundredth
Add the original price
Subtract the original price
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to round the final sales tax calculation?
To make it easier to understand
To comply with currency standards
To reduce the tax amount
To increase the tax amount
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