In: Accounting
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?
$
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