Final answer:
Jeremy needs to pay $121.44 in taxes
Step-by-step explanation:
To find the amount Jeremy needs to pay in taxes, we first need to calculate his total revenue from selling cakes. He collected a total of $795 from selling 7 cakes, which means each cake was sold for $795 / 7 = $113.57 (rounded to two decimal places).
Next, we can calculate the amount of taxes he needs to pay. He pays 15.3% in taxes, which means the tax amount is 15.3% * $795 = $121.44 (rounded to two decimal places).
Therefore, Jeremy needs to pay $121.44 in taxes to the government.
Learn more about Calculating taxes