tax rate is $8.75% what is the tax due on a sale $15,500
15,500 * 0.0875 = ?
To calculate the tax due on a sale of $15,500 with a tax rate of 8.75%, you can follow these steps:
Step 1: Convert the tax rate from a percentage to a decimal by dividing it by 100. In this case, 8.75% = 8.75/100 = 0.0875.
Step 2: Multiply the sale amount by the tax rate to calculate the tax due. In this case, $15,500 * 0.0875 = $1,356.25.
Therefore, the tax due on a sale of $15,500 with a tax rate of 8.75% is $1,356.25.