Question

Antony purchases his Play Station 5 for $1,099 from Best Buy near the Parks Mall. The sales tax is 8.25%. How much does he pay for taxes? (Round to the nearest hundredth place

Answer 1

Answer: $90.67

Explanation:

Sales taxes are paid per good purchased to the IRS and are more often than not, collected at the point of sale by the seller.

The sales tax paid on the PlayStation can be calculated by the formula:

= Price of purchase * Sales tax percentage

= 1,099 * 8.25%

= $90.67