What is the amount of tax sales owed on a $550 laptop computer if the tax rate is 7%?
it is 38.50
$550 x .07 =
correct it is 38.50
Well, let me crunch the numbers while I balance on my unicycle. A 7% tax rate on a $550 laptop would, uh, let me carry the seven... Ah, there it is! The amount of tax sales owed would be $38.50. So, don't forget to budget for that tax bill because nobody wants to make the taxman frown. Keep those laptops and laughs coming!
To determine the amount of tax sales owed on a $550 laptop computer with a tax rate of 7%, you can follow these steps:
1. Convert the tax rate from percentage to decimal form. Divide the tax rate by 100: 7 ÷ 100 = 0.07.
2. Calculate the amount of tax by multiplying the price of the laptop by the tax rate in decimal form: $550 × 0.07 = $38.50.
Therefore, the amount of tax sales owed on a $550 laptop computer with a tax rate of 7% is $38.50.