The sales taxes of a province are 8%. How much tax do you pay on a $59.10 purchase?
if the sticker price was 59.10, then .08 * 59.10 = $4.73
If the purchase including tax was 59.10, then 59.10 - 59.10/1.08 = $4.38
To calculate the tax on a purchase with a given tax rate, you can follow these steps:
Step 1: Convert the tax rate from a percentage to a decimal. In this case, the tax rate is 8%, so you divide it by 100 to get 0.08.
Step 2: Multiply the purchase amount by the tax rate. In this case, you multiply $59.10 by 0.08.
$59.10 x 0.08 = $4.728
So, the tax on a $59.10 purchase with an 8% tax rate is $4.728.
Alternatively, you can use the following formula:
Tax = Purchase Amount x Tax Rate
Substituting the values:
Tax = $59.10 x 0.08 = $4.728