EXHIBIT 18-1 6,% Sales Tax Brackets6% SALES TAX BRACKETSAmount of SaleТаxAmount of SaleTaxAmount of SaleТaxAmount of 5aleTax5.08-5.24-5.39-5.54-5.70-5.85-6.10-5.235.385.535.695.846.096.1510.10- 10.1510.16- 10.3010.31- 10.4610.47- 10.6110.62- 10.7610.77- 10.92.10-.16-.31-.47-.62-.77-.93-.15.30.46.61.76.921.07.01.02.03.04.05.06.07.34.35.36.37.38.39.40.66.67.68.69.70.7115.08- 15.2315.24- 15.3815.39- 15.5315.54- 15.6915.70- 15.8415.85- 16.09.991.001.011.021.031.041.08-1.24-1.39-1.54-1.70-1.85-1.231.381.531.691.842.096.16-6.31-6.47-6.62-6.77-6.93-6.306.466.616.766.927.0710.93- 11.0711.08- 11.2311.24- 11.3811.39- 11.5311.54- 11.6911.70- 11.8411.85- 12.09.72.73.74.75.7677.7816.10- 16.1516.16- 16.3016.31- 16.4616.47- 16.6116.62- 16.7616.77- 16.9216.93- 17.071.051.061.071.081.091.101.11.08.09.10.41.42.43.44.45.46.11.12.132.10-2.16-2.31-2.47-2.62-2.77-2.152.302.462.612.762.927.08-7.24-7.39-7.54-7.70-7.85-7.237.387.537.697.848.0912.10- 12.1512.16- 12.3012.31- 12.4612.47- 12.6112.62- 12.7612.77- 12.92.79.80.81.82.83.8417.08- 17.2317.24- 17.3817.39- 17.5317.54- 17.6917.70- 17.8417.85- 18.091.121.131.141.151.161.17.14.47.15.16.17.18.19.48.49.50.51.5213.072.93-3.08-3.24-3.39-3.54-3.70-3.85-3.073.233.383.533.693.844.09.20.21.22.23.24.25.268.10-8.16-8.31-8.47-8.62-8.77-8.93-8.158.308.468.618.768.929.07.53.54.55.56.57.58.5912.9313.08- 13.2313.24- 13.3813.39- 13.5313.54-.85.86.87.88.89.90.9118.10- 18.1518.16- 18.3018.31- 18.4618.47- 18.6118.62- 18.7618.77- 18.9218.93- 19.071.181.191.201.211.221.231.2413.6913.70- 13.8413.85- 14.094.10-4.16-4.31-4.47-4.62-4.154.304.464.614.764.925.07.27.28.29.30.31.32.339.08-9.239.24-9.389.39-9.539.54-9.699.70-9.849.85- 10.09.60.61.62.63.64.6514.10- 14.1514.16- 14.3014.31- 14.4614.47- 14.6114.62- 14.7614.77. 14.9214.93- 15.07.92.93.94.95.9619.08- 19.2319.24- 19.3819.39- 19.5319.54- 19.6919.70- 19.8419.85- 20.091.251.261.271.281.291.30.97.984.77-4.93- Use Exhibit 18-1 to determine the sales tax (in $) and calculate the total purchase price (in $) for the item. (Round your answersto the nearest cent.)SalesSellingPriceTotalItemTaxPurchase PriceCandy bar$0.66$

Given, the selling price of a candy bar is $ 0.66 According to the Exhibit 18-1, the tax for the…

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.) Selling Price Sales Total Item Таx Purchase Price Candy bar $0.66

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.) Selling Price Sales Total Item Таx Purchase Price Candy bar $0.66

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 19Q: The following is select account information for Sunrise Motors. Sales: $256,400; Sales Returns and...

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Question

100%

EXHIBIT 18-1 6,% Sales Tax Brackets
6% SALES TAX BRACKETS
Amount of Sale
Таx
Amount of Sale
Tax
Amount of Sale
Тax
Amount of 5ale
Tax
5.08-
5.24-
5.39-
5.54-
5.70-
5.85-
6.10-
5.23
5.38
5.53
5.69
5.84
6.09
6.15
10.10- 10.15
10.16- 10.30
10.31- 10.46
10.47- 10.61
10.62- 10.76
10.77- 10.92
.10-
.16-
.31-
.47-
.62-
.77-
.93-
.15
.30
.46
.61
.76
.92
1.07
.01
.02
.03
.04
.05
.06
.07
.34
.35
.36
.37
.38
.39
.40
.66
.67
.68
.69
.70
.71
15.08- 15.23
15.24- 15.38
15.39- 15.53
15.54- 15.69
15.70- 15.84
15.85- 16.09
.99
1.00
1.01
1.02
1.03
1.04
1.08-
1.24-
1.39-
1.54-
1.70-
1.85-
1.23
1.38
1.53
1.69
1.84
2.09
6.16-
6.31-
6.47-
6.62-
6.77-
6.93-
6.30
6.46
6.61
6.76
6.92
7.07
10.93- 11.07
11.08- 11.23
11.24- 11.38
11.39- 11.53
11.54- 11.69
11.70- 11.84
11.85- 12.09
.72
.73
.74
.75
.76
77
.78
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
1.05
1.06
1.07
1.08
1.09
1.10
1.11
.08
.09
.10
.41
.42
.43
.44
.45
.46
.11
.12
.13
2.10-
2.16-
2.31-
2.47-
2.62-
2.77-
2.15
2.30
2.46
2.61
2.76
2.92
7.08-
7.24-
7.39-
7.54-
7.70-
7.85-
7.23
7.38
7.53
7.69
7.84
8.09
12.10- 12.15
12.16- 12.30
12.31- 12.46
12.47- 12.61
12.62- 12.76
12.77- 12.92
.79
.80
.81
.82
.83
.84
17.08- 17.23
17.24- 17.38
17.39- 17.53
17.54- 17.69
17.70- 17.84
17.85- 18.09
1.12
1.13
1.14
1.15
1.16
1.17
.14
.47
.15
.16
.17
.18
.19
.48
.49
.50
.51
.52
13.07
2.93-
3.08-
3.24-
3.39-
3.54-
3.70-
3.85-
3.07
3.23
3.38
3.53
3.69
3.84
4.09
.20
.21
.22
.23
.24
.25
.26
8.10-
8.16-
8.31-
8.47-
8.62-
8.77-
8.93-
8.15
8.30
8.46
8.61
8.76
8.92
9.07
.53
.54
.55
.56
.57
.58
.59
12.93
13.08- 13.23
13.24- 13.38
13.39- 13.53
13.54-
.85
.86
.87
.88
.89
.90
.91
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
1.18
1.19
1.20
1.21
1.22
1.23
1.24
13.69
13.70- 13.84
13.85- 14.09
4.10-
4.16-
4.31-
4.47-
4.62-
4.15
4.30
4.46
4.61
4.76
4.92
5.07
.27
.28
.29
.30
.31
.32
.33
9.08-
9.23
9.24-
9.38
9.39-
9.53
9.54-
9.69
9.70-
9.84
9.85- 10.09
.60
.61
.62
.63
.64
.65
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
.92
.93
.94
.95
.96
19.08- 19.23
19.24- 19.38
19.39- 19.53
19.54- 19.69
19.70- 19.84
19.85- 20.09
1.25
1.26
1.27
1.28
1.29
1.30
.97
.98
4.77-
4.93-

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.)
Sales
Selling
Price
Total
Item
Tax
Purchase Price
Candy bar
$0.66
$

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