Jim bought a pair of shoes for $50 and laces for $1. If the sales tax is 7%, how much tax must he pay?
$3.57?
Yup.
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To calculate the tax Jim must pay, you first need to determine the total cost of his purchase, including the shoes and the laces.
Step 1: Add the cost of the shoes and the laces.
$50 (shoes) + $1 (laces) = $51
Now, to calculate the tax, you need to multiply the total cost by the sales tax rate of 7%.
Step 2: Calculate the tax amount.
$51 (total cost) x 0.07 (sales tax rate) = $3.57
Therefore, Jim must pay $3.57 in taxes.