Question

In: Accounting

1. Find the total amount due on the invoice. Round answer to the nearest cent. Taxable...

1.

Find the total amount due on the invoice. Round answer to the nearest cent.

Taxable Sale Sales Tax Percent Invoice Total
$380.98 5.5% $

2.  

Marisa Tallifero bought a cordless phone priced at $49.99. It was subject to 8.75% sales tax. Round answer to the nearest cent.

a. What was the sales tax?
$

b. What was the total amount Marisa paid for the phone?
$

3.

Find the total amount due on the invoice. Round answer to the nearest cent.

Taxable Sale Sales Tax Percent Invoice Total
$867.75 6% $

4.

Find the total amount due on the invoice. Round answer to the nearest cent. Place commas in the answer as needed.

Taxable Sale Sales Tax Percent Invoice Total
$1,111.10 8.75% $

5.

Find the total amount due on the invoice. Round answer to the nearest cent. Place commas in the answer as needed

Taxable Sale Sales Tax Percent Invoice Total
$3,211.90 7% $

6.

Find the total amount due on the invoice. Round answer to the nearest cent. Place commas in the answer as needed.

Taxable Sale Sales Tax Percent Invoice Total
$1,500.25 8% $

7.

Find the total amount due on the invoice. Round answer to the nearest cent. Place commas in the answer as needed.

Taxable Sale Sales Tax Percent Invoice Total
$1,800.33 5% $

8.

Find the total amount due on the invoice. Round answer to the nearest cent.

Taxable Sale Sales Tax Percent Invoice Total
$234.54 7.5% $

9.

Penny Holcomb purchased pen and pencil gift sets to give to her employees for the holidays. The total bill was $103.92, which included the sales tax of 6.5%. Round answer to the nearest cent.

a. What was the total cost of the pens?
$

b. What was the amount of the sales tax?
$

Solutions

Expert Solution

Solution 1:

Taxable Sales Sales tax percent Invoice total
$380.98 5.50% $401.93

Solution 2a:

Amount of sales tax = $49.99 * 8.75% = $4.37

Solution 2b:

Total amount Marisa paid for the phone = $49.99 + $4.37 = $54.36

Solution 3:

Taxable Sales Sales tax percent Invoice total
$867.75 6.00% $919.82

Solution 4:

Taxable Sales Sales tax percent Invoice total
$1,111.10 8.75% $1,208.32

Solution 5:

Taxable Sales Sales tax percent Invoice total
$3,211.90 7.00% $3,436.73

Solution 6:

Taxable Sales Sales tax percent Invoice total
$1,500.25 8.00% $1,620.27

solution 7:

Taxable Sales Sales tax percent Invoice total
$1,800.33 5.00% $1,890.35

Solution 8:

Taxable Sales Sales tax percent Invoice total
$234.54 7.50% $252.13

Solution 9a:

Total bill amount = $103.92

Sales tax rate = 6.5%

Total cost of pen = $103.92 / 106.5% = $97.58

Solution 9b:

Amount of sales tax = $97.58 * 6.5% = $6.34


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