iewHistoryBookmarks Develop WindowHelpA primaverahs.strongmind.com: StrongMindO Sales and Excise Tax- P/0 01 Tuei Derore sales lax1.08$70= $2.50 per gallon28$2.50 – $2.117 = $0.383 per gallonhe value of the excise tax was $0.383 per gallon.John purchased a pair of shoes with a retail price of $49.99 from a store. If the sales tax rate was 8%, whatwas the price of the shoes after tax was added? Round to the nearest cent.O The price of the shoes after tax was $53.99.O The price of the shoes after tax was $51.99.The price of the shoes after tax was $57.99.O The price of the shoes after tax was $58.99.2 OF 2 TRIES REMAININGTry AgainSubmitMacBookDDF3F4F5F6F7F8F9#$%&23456* 00

Sales tax is a form of indirect taxes which is being payable on sale of goods or services by the…

Answered: John purchased a pair of shoes with a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

9. You purchase a $149.88 camera, a case for $21.88, a wide-angle lens for $127.88, and a zoom lens for $177.88. The sales tax rate is 5.2%. a. What is the total selling price of your purchases? b. What is the sales tax on your purchases? c. What is the total purchase price of your purchases?
2. Sales slip for Judy Henry. Blender for $109.50. Canister set for $39.95. Sales tax rate of 4.5%. What is the total purchase price?
JellyFelly sold a lamp to a cash customer, the retail price was $299.99 and sales tax is 9%. The journal entry to record this transaction would include a: O Debit to Cash for $299.99 • Credit to Sales Revenue for $326. O Credit to Sales Tax Payable $27. O Debit to Sales Revenue for $299.99
1. Sales slip for Ron Wilson. Electric drill for $49.50. Drill bits for $18.50. Sales tax rate of 5%. What is the total purchase price?
6. Darlene Jaworski purchases an $84.00 calculator, a gold chain for $42.50, and a book for $13.80. The sales tax rate is 5.5%. What is the sales tax? 7. Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales X rate is ax on Clinton's purchases? 8 Isabel Marau cight snark nlugn ot
3. Annabelle McCloney purchases denim jeans for $14.95 and a velour top for $16.39. The sales tax ráte is 7%. What is the total purchase price of Annabelle's pur- chases? Turan AMIEM ca sales t
10. You purchase a $196.00 tent, two sleeping bags at $49.50 each, a campstool for $15.95, and two air mattresses at $27.90 each. The sales tax rate is 6%. a. What is the total selling price of your purchases? b. What is the sales tax on your purchase?
3. Teresa Lucas purchases a $349.50 color TV set. The sales tax rate is 5%. What is the sales tax? 4. Eunice Kross nu The S140.00. rohoses a lawn 28,00 and a picnic tabIC TON tax rate iS 7o. a. What is price?
I have the question and answer below but I dont know how to get the answer if you could help explain it please. Find the marked price and sales tax. Round to the nearest cent. Total Sale $378.17 Sales Tax Rate: 4.25% Format your answer $xx.xx; $xx.xx ($362.75; $15.42)
A retail store credited the Sales Revenue account for the sales price and the amount of sales tax on sales. If the sales tax rate is 5% and the balance in the Sales Revenue account amounted to $273000, what is the amount of the sales taxes owed to the taxing agency? $260000 $13000 $273000 $13650
9. Rolland Hendricks purchases three flashlight batteries at $.89 each and two rolls of film at $1.99 each. He also has two rolls of film developed at $5.49 per roll. The sales tax rate is 3%. a. What is the total selling price? b. What is the sales tax?
Enter the following transactions in the General Journal. Calculate GST @ 5% and PST @ 6% on all transactions as applicable Note the following: o All amounts given are pre-tax values. o Discounts are determined on pre-tax amounts. 2 Bought merchandise on account from KFG Manufacturing, $7,500. Invoice #321. terms 2/10, n/30. July 4. Paid Johnson's Trucking for transporting the merchandise bought from KFG Manufacturing, $350. Paid by cheque #65. 4. Sold $435 worth of merchandise to Alfred Wren. He paid by cheque # 42. 4. A. Wren returned $65 worth of merchandise due to damage. A full cash refund was issued. 11. Paid KFG Manufacturing for Invoice #321. Cheque #66. 12. The owner of KFG Manufacturing withdraw cash of $500 from the business and took a used desk valued at $350. 15. Bought equipment for the store for $2650.00 16. Paid telephone expense $900 (include GST & PST)

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS