Sales Tax
At Best Buy, they have a 42" TV that sells for $1250 and is on sale for 15% off.
What is the cost of the TV?
$1062.50
What are the 3 types of consumption taxes we talked about in class?
sales tax
excise tax
value added tax
You are buying a book for $12.99 in Iowa where there is 6.85% sales tax. What is the amount of the sales tax? Round to the nearest cent.
$0.89
True or False: The United States has Value Added Tax
False
How many holes does a standard golf course have?
18
If your cell phone bill was $67.82 and there was a 7.5% late fee, how much was the charge for being late paying your cell phone bill?
$5.09
True or false: Consumption taxes do not tax savings, income, or property.
True.
You buy a hoodie in Illinois where the sales tax rate is 8.96%. If the hoodie retails for $35, what was the final cost of the hoodie?
Round to the nearest cent.
$38.14
Where does the money from excise taxes go?
The government uses it for improving things like infrastructure.
How many males work in the math department at BHS?
2
You went out to eat with your family and it is your turn to pay. The bill was $72.50 and you decide to leave a 6.75% tip. How much was the total cost of the meal?
$77.40
True or false: Every state charges the same sales tax percent.
False
At Target, you buy a birthday card for $2.50, a Bluey Squishmallow for $14.99, flower Legos for $30, and a gift bag for $3.68. The sales tax is 6.5%. How much did this Target run cost you?
$54.50
Does gambling have excise tax?
Yes.
What country just hosted the 2026 Winter Olympics?
Pam bought new sunnies for $50.68 after tax. They were originally marked at $45.99. What percent sales tax did Pam pay for the sunnies?
10%
From this list, which does not have excise tax?
alcohol
cars
gasoline
cigarettes
cars
It’s date night. You and your boo decide to grab some food. Your bill came out to be $55.61. How much was the bill if 5% sales tax was included and you left a $11 tip?
Round to the nearest cent.
$69.39
What does VAT stand for?
Value Added Tax
What state currently has the highest sales tax rate?
Louisiana-10.11%
a) Beau bought a new car for $45,826 after tax. The car was originally marked at $39,999. What percent sales tax did Beau pay on the car?
b) Actually, Beau talked them into a 5% discount of off the price after tax. How much did Beau actually pay?
a) 15%
b) $43,534.70
How does value-added tax differ from sales tax?
Sales taxes are applied only at the point of purchase and VAT is added at each stage of manufacturing.
The total bill for a family of 6 comes out to $354.20. Your parents tell you that you have to pay for your meal that was $38.98. How much was their bill, excluding your meal and the sales tax of 5%?
$334
Complete the table Schlo gives you.
$14,302.98
A man in a car saw a golden door, a silver door, and a bronze door. Which door did he open first?
the car door