A new cellphone costs $722.58 after tax and was $699.99 before tax. What was the tax rate on this cellphone ?

Q: A gold and diamond bracelet sells for $1400. Find the sales tax and the total price if the sales tax…

A: A tax charged on the sales of an entity is referred to as sales tax. It is determined based on a…

Q: (please correct answer this finanas question) The bike you have been saving for is discounted 20%…

A: Discounted Price = Original Price * (100%- Discount %)                            = $575*(100%-20%)…

Q: 8. A company pays one of its employees $800 per week. How much is the amount withheld from his pay…

A: Given data 8. Employee's check per week = $800 9. Purchase price of washing machine = $6,000 Useful…

Q: D6) Finance You are running a fast food restaurant and you decide to price your menu items in such a…

A: The question is related to Price per unit before taxes. It is calculated with the help of following…

Q: Question: In the state of Florida, there are varying sales tax rates for different types of goods. A…

A: Sales subject to a 6% sales tax rate = $50,000Sales subject to a 7% sales tax rate = $30,000Sales…

Q: i live in NY and make $45 a hr and i work just 35 hrs a week how much taxes would they detuct from…

A: Payroll taxes refer to those taxes paid by both employer and employee in order to fund the employee…

Q: on Chather bought a new Dell computer for $1,100. This included a 5% sales tax. What is the amount…

A: Sales tax refers to an amount that is paid by the seller to the government at fixed percentage to be…

Q: One of the following is subject to the Value Added Tax. Lease of car driven by the lessee. Lease of…

A: VAT termed as Value Added Tax which refers to the kind of tax which is incrementally assessed and it…

Q: You negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies…

A: Adjusted capitalized cost is calculated by adding taxes and deducting old asset exchanged and…

Q: The sales tax rate is 7.5%. Compute the amount of tax on a watch that sells for $60. No handwritten

A: The sales tax refers to the tax that the government levies on the purchase of goods and services in…

Q: Phil Corporation gave Manager A, a resident citizen grocery allowance worth P 39,000 How much is the…

A: Fringe benefits provided to the managerial and supervisory employees are taxable with the 32% fringe…

Q: You receive a lunch bill for $45.50; tax included.  The tax in your city is 9.5%.  What is the…

A: Bill Amount = $ 45.50 ( including of tax) Let the cost of bill be 100 % tax rate = 9.5% This means…

Q: arrying amount of

A: The tax base is the total income of the individual that is subject to tax. It includes all the…

Q: did you get

A: When shares are issued , the issue price is par value plus additional paid in capital . The…

Q: A consumer buys a used car $15500 with monthly payments of $340, an annual interest rate of 4.6%.…

A: The concept of time value of money will be used and applied here. When we take a loan or a mortgage…

Q: Gina is shopping for a new bicycle. The price of the bicycle is $300 and there is an 8% sales tax.…

A: Price Before Tax $300 Sales Tax ($300 * 8 /100) $24 Total Price of bicycle ($300 + $24) $324

Q: Rate of Value Added Tax (VAT) is 5% in Oman. A wholesaler purchased goods for OMR 1000 including…

A: VAT or value added tax is a tax charged at each stage of the supply chain where some value is added.…

Q: You negotiate a car price to $ 25, 000 You must add sales tax to the purchase of 9.50%which gives…

A: As per IFRS 16 PROPERTY PLANT AND EQUIPMENT Cost of PPE consists of purchase price and purchase…

Q: How much pay tax for 10 cr loan file

A: When the funds are taken from outsider such as financial institutions or money lender it is known as…

Q: Mike has breakfast at a local restaurant and notices the sub- total for his food and coffee is…

A: The sales tax rate can be calculated as the ratio of sales tax and the bill amount

Q: Explain Value added Tax (VAT), using an illustrative numerical example of your own. (Use 5% for VAT…

A: Value added tax (VAT) is tax is an indirect tax which is leviable on goods. VAT is taxed at each…

Q: You purchase a backpack for $24.95, a calculator for $34.55, and a notebook for $1.50. If the sales…

A: Price of Backpack = pb = $24.95price of Calculator = pc = $34.55Price of notebook = pn = $1.50Sales…

Q: what is the final cost including a 7% sales tax?

A: Given information is: Discount = $40 Retail price = $679 Sales tax = 7%

Q: At J&J Department Store, Sam Dodson purchases a cassette tape player for 588.98 and three tapes for…

A: Calculation of Sales tax on Sam's purchases Sales tax on purchases = Total amount of purchases X…

Q: A pair of shoes is been sold for $38.49. b) The following option represents the best tax estimation…

A: Disclaimer: "Since you asked multiple questions in a single question hence we solved the first…

Q: What is the sales tax on a jacket priced at $425 if the sales tax rate is 6% ?

A: Sales tax is that amount which is paid by the seller to government on his sales. It is charge on…

Q: för $140.00. IS 5%. a. What is the total selling price? b.. What is the sales tax?

A: Total selling price= Selling price * {1+(sales tax rate/100)) Sales tax= Selling price * Sales tax…

Q: ou operate a small car yard which sells cars. Which of the following could you claim a GST input tax…

A: Step 1 GST is a type of indirect tax where there is no cascading effect, in order to avoid such…

Q: how did you

A: Contribution margin is the amount of sales revenue that remains for a product or service after its…

Q: You are more likely to hire a plumber to repair a leaky drainpipe if the tax rate on your earned…

A: Cost Accounting is a process of identification, classification, measurement, and assignment of costs…

Q: A manufacturer printed the price of his goods as BD240 per article. He allowed a discount of 20% to…

A: VAT refers to the Value Added Tax which is paid to the government by the producers and ultimately…

Q: Problem 2: Janmark Company provided the following selected transactions related to contingencies.…

A: Provision account: Provision account can be defined as the account that holds the information about…

Q: Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales tax rate is 6%.…

A: Formula: Sales tax amount = Total purchase value - original goods value

Q: Suppose you bought a digital camera for a total purchase price of $276.99. If state taxes were 6.2%,…

A: Total purchase price = 276.99 Tax rate = 6.2% Total purchase included tax rate (6.2%).  Total…

Q: 4. Mahmood buys a commodity from the wholesaler at OMR 1,200 and was charged by a VAT at the rate…

A: given that, Mahmood buys a commodity from the wholesaler at OMR1200 Mahmood sells a commodity at…

Q: QUESTION: 1. Work Related Car Expenes (3800 Km + 500 Km) * $0.72 per Km? May know which method are…

A: Use the cents per KM method if you are claiming less than 5000km. Use the logbook method if you are…

Q: Suppose you buy lunch for $17.00 that includes a 8% sales tax. How much did the restaurant charge…

A: Introduction:-  The restaurent charged the lunch for 17$ in which 8% sales tax is including. Here is…

Q: You buy fishing gear costing $525. State taxes are 3.5% and the federal excise tax on this item is…

A: Introduction:- The following basic information s follows under:- Purchases price includes(Cost of…