Calculating Sales Tax and Rates

The video tutorial explains how to calculate sales tax using the equation 'part equals percent times whole'. It provides two examples: one for calculating the sales tax on a television and another for determining the tax rate from a given sales tax amount. The tutorial emphasizes understanding the relationship between the original price, tax rate, and sales tax amount.

What is the equation used to calculate sales tax?

• Percent equals part times whole

• Whole equals part divided by percent

• Whole equals percent times part

• Part equals percent times whole

If a television costs $499 and the tax rate is 8.5%, what is the sales tax amount?

• $50.00

• $42.42

• $40.00

• $45.00

How do you convert a percentage to a decimal for calculation purposes?

• Divide by 100

• Multiply by 100

• Subtract 100

• Add 100

What is the purpose of converting a percentage to a decimal in calculations?

• To make the number larger

• To make the number smaller

• To simplify multiplication

• To increase accuracy

What is the total cost of a $499 television including an 8.5% sales tax?

• $541.42

• $550.00

• $540.00

• $530.00

In the equation part equals percent times whole, what does 'part' represent?

• The tax rate

• The total cost

• The original price

• The sales tax amount

What is the equation used to find the total cost including sales tax?

• Original price minus sales tax

• Original price plus sales tax

• Sales tax divided by original price

• Sales tax multiplied by original price

Mark paid $25.35 in sales tax on a $390 table. What is the tax rate?

• 7.5%

• 8.5%

• 5.5%

• 6.5%

What is the first step in solving for the tax rate when given the sales tax amount?

• Add the sales tax to the original price

• Multiply the sales tax by 100

• Identify the original price and sales tax amount

• Divide the original price by the sales tax

How do you clear fractions when solving for the tax rate?

• Add the least common denominator

• Divide by the least common denominator

• Multiply by the least common denominator

• Subtract the least common denominator