Inney wants to deduct the sales tax that she paid this year on her state income tax return. She spent $4622.40 during the? year, including 7?% sales tax. How much sales tax did she? pay?
Mathematics · High School · Tue Nov 03 2020
Answered on
Given:
Amount spent including tax: $4622.40
Sales tax: 7%
Determine the amount of tax that she paid.
Solution:
In order to determine the amount of tax that she paid, we must first convert the percentage into decimal. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 7/100
= 0.07
Multiply 0.07 by the amount paid in order to get the tax.
= ($4622.40)(0.07)
= $323.568
Final answer:
= $323.568