Question

Sales tax in one state is 4%. What is the amount of tax on a $56.70 purchase?

a. $4.57
b. $56.74
c. $2.27
d. $22.68

Answer 1

1) Convert 4% to decimal = .04

2) Multiply the purchase by that decimal

.04(56.70) = $2.27

C

Answer 2

The amount of tax on a $56.70 purchase is $2.27

How to find the amount of tax?

A tax exists as a mandatory fee or financial charge levied by any government on a person or an organization to manage revenue for public works providing the most suitable facilities and infrastructure. The collected fund exists then utilized to fund various public expenditure programs.

Sales tax in state = 4%

The amount tax on $1 purchase = $ $\frac{4}{100}$  =  $ 0.04

The amount tax on a $56.70 purchase

= 56.70 * 0.04

= $2.27

Therefore option  c. $2.27 is the correct answer

To learn more about sales tax amount calculation, refer :

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