Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answers to the nearest cent.)ItemHair dryerSellingPrice$19.21 $SalesTaxTotalPurchase Price$ EXHIBIT 18-16% Sales Tax BracketsAmount of Sale.10-.15.16-.30.31-.47-.62-.77-.93-.46.61.76.921.071.08- 1.231.24- 1.381.39- 1.531.54- 1.691.70- 1.841.85- 2.092.10- 2.152.16- 2.302.31- 2.462.47- 2.612.62- 2.762.77- 2.92Tax Amount of Sale.015.08- 5.23.025.24-5.38.035.39-5.53.045.54- 5.69.055.70-5.845.85- 6.096.10-6.15.06.07.08.09.10.11.12.13.14.15.16.17.18.192.93-3.073.08-3.233.24- 3.38 .223.39- 3.53.20.21.233.54- 3.69.243.70-.253.843.85- 4.09 .264.10-.274.154.16- 4.30.28294.464.31-4.47- 4.61 .304.62-4.764.924.77-.31.32.334.93- 5.0761% SALES TAX BRACKETSالا با بيا6.16- 6.306.466.616.31-6.47-6.62- 6.766.77- 6.926.93-7.077.08-7.237.24- 7.387.39- 7.537.54-7.697.70- 7.847.85-8.098.10-8.158.16-8.308.31- 8.468.47-8.618.62-8.77-8.93- 9.078.768.929.08-9.239.24- 9.389.39- 9.539.54- 9.699.70- 9.849.85 10.09Tax.34.35.36.37.38.39.40.41.42.4344.45.46.47.48.49.50.51.52.53.54.55.56.57.58.59.60.61.62.63.64.65Amount of SaleTax10.10- 10.1510.16 10.3010.31- 10.46.66.67.68.69.7010.77 10.92 .7110.47- 10.6110.62 10.7610.93- 11.0711.08- 11.2311.24- 11.38.72.73.7411.39 11.53 .75.76.77.7811.54 11.6911.70- 11.8411.85 12.0912.10- 12.1512.16- 12.3012.31 12.4612.47- 12.6112.62 12.7612.77- 12.9212.93 13.0713.08- 13.2313.24 13.3813.39- 13.5313.54 13.6913.70- 13.8413.85- 14.0914.10- 14.1514.16 14.3014.31- 14.4614.47- 14.6114.62- 14.7614.77- 14.9214.93- 15.07.79.80.81.82.83.84.85.86.87.88.89.90.91.92.93.94.95.96.97.98Amount of Sale15.08- 15.2315.24- 15.3815.39 15.5315.54 15.6915.70 15.8415.85- 16.0916.10- 16.1516.16- 16.3016.31 16.4616.47- 16.6116.62 16.7616.77- 16.9216.93- 17.0717.08- 17.2317.24- 17.3817.39- 17.5317.54- 17.6917.70- 17.8417.85- 18.0918.10- 18.1518.16- 18.3018.3118.4618.47- 18.6118.62 18.7618.77 18.9218.93- 19.0719.08- 19.2319.24- 19.3819.39- 19.5319.54- 19.6919.70- 19.8419.85- 20.09Tax.991.001.011.021.031.041.051.061.071.081.091.101.111.121.131.141.151.161.171.181.191.201.211.221.231.241.251.261.271.281.291.30

Given, the selling price of a Hair dryer is $ 19.21 According to the Exhibit 18-1, the tax for the…

Answered: Sales Tax Total Purchase Price $

Business

Accounting

Sales Tax Total Purchase Price $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answers to the nearest cent.)
Item
Hair dryer
Selling
Price
$19.21 $
Sales
Tax
Total
Purchase Price
$

EXHIBIT 18-16% Sales Tax Brackets
Amount of Sale
.10-
.15
.16-
.30
.31-
.47-
.62-
.77-
.93-
.46
.61
.76
.92
1.07
1.08- 1.23
1.24- 1.38
1.39- 1.53
1.54- 1.69
1.70- 1.84
1.85- 2.09
2.10- 2.15
2.16- 2.30
2.31- 2.46
2.47- 2.61
2.62- 2.76
2.77- 2.92
Tax Amount of Sale
.01
5.08- 5.23
.02
5.24-
5.38
.03
5.39-
5.53
.04
5.54- 5.69
.05
5.70-
5.84
5.85- 6.09
6.10-
6.15
.06
.07
.08
.09
.10
.11
.12
.13
.14
.15
.16
.17
.18
.19
2.93-
3.07
3.08-
3.23
3.24- 3.38 .22
3.39- 3.53
.20
.21
.23
3.54- 3.69
.24
3.70-
.25
3.84
3.85- 4.09 .26
4.10-
.27
4.15
4.16- 4.30
.28
29
4.46
4.31-
4.47- 4.61 .30
4.62-
4.76
4.92
4.77-
.31
.32
.33
4.93- 5.07
61% SALES TAX BRACKETS
الا با بيا
6.16- 6.30
6.46
6.61
6.31-
6.47-
6.62- 6.76
6.77- 6.92
6.93-
7.07
7.08-
7.23
7.24- 7.38
7.39- 7.53
7.54-
7.69
7.70- 7.84
7.85-
8.09
8.10-
8.15
8.16-
8.30
8.31- 8.46
8.47-
8.61
8.62-
8.77-
8.93- 9.07
8.76
8.92
9.08-
9.23
9.24- 9.38
9.39- 9.53
9.54- 9.69
9.70- 9.84
9.85 10.09
Tax
.34
.35
.36
.37
.38
.39
.40
.41
.42
.43
44
.45
.46
.47
.48
.49
.50
.51
.52
.53
.54
.55
.56
.57
.58
.59
.60
.61
.62
.63
.64
.65
Amount of Sale
Tax
10.10- 10.15
10.16 10.30
10.31- 10.46
.66
.67
.68
.69
.70
10.77 10.92 .71
10.47- 10.61
10.62 10.76
10.93- 11.07
11.08- 11.23
11.24- 11.38
.72
.73
.74
11.39 11.53 .75
.76
.77
.78
11.54 11.69
11.70- 11.84
11.85 12.09
12.10- 12.15
12.16- 12.30
12.31 12.46
12.47- 12.61
12.62 12.76
12.77- 12.92
12.93 13.07
13.08- 13.23
13.24 13.38
13.39- 13.53
13.54 13.69
13.70- 13.84
13.85- 14.09
14.10- 14.15
14.16 14.30
14.31- 14.46
14.47- 14.61
14.62- 14.76
14.77- 14.92
14.93- 15.07
.79
.80
.81
.82
.83
.84
.85
.86
.87
.88
.89
.90
.91
.92
.93
.94
.95
.96
.97
.98
Amount of Sale
15.08- 15.23
15.24- 15.38
15.39 15.53
15.54 15.69
15.70 15.84
15.85- 16.09
16.10- 16.15
16.16- 16.30
16.31 16.46
16.47- 16.61
16.62 16.76
16.77- 16.92
16.93- 17.07
17.08- 17.23
17.24- 17.38
17.39- 17.53
17.54- 17.69
17.70- 17.84
17.85- 18.09
18.10- 18.15
18.16- 18.30
18.31
18.46
18.47- 18.61
18.62 18.76
18.77 18.92
18.93- 19.07
19.08- 19.23
19.24- 19.38
19.39- 19.53
19.54- 19.69
19.70- 19.84
19.85- 20.09
Tax
.99
1.00
1.01
1.02
1.03
1.04
1.05
1.06
1.07
1.08
1.09
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21
1.22
1.23
1.24
1.25
1.26
1.27
1.28
1.29
1.30

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