8.250%
2006-10-14 13:46:15 · 5 answers · asked by ulisesdll 1 in Business & Finance ➔ Taxes ➔ United States
The symbol you used --> % <-- is the percent symbol. Percent literally means "per cent". "Per" means divide by and "cent" means 100 (centennial, century). So, 8.25 percent means 8.25 for every 100. If you buy something for $100, you pay $8.25 in tax. Purchase it for $50, the tax is now $4.125 (round to $4.13 since the U.S. stopped issuing half-cent coins long ago.
What the cash register does is take the final bill and divide by 100 and then multiply by the percent. So, let's say the bill is for $1,000 and the tax rate is 8.25%. Divide $1,000 by 100 to get $10, then multiply by 8.25 to get $82.50. The tax on $1,000 is $82.50.
OK?
2006-10-14 15:03:28 · answer #1 · answered by TaxMan 5 · 0⤊ 0⤋
Sales tax varies from state to sstate, even city to city. California's are pretty high--I think if you figure around 10% as an average & an easy # to calculate with, it will get you in the ball park.
2006-10-14 13:50:37 · answer #2 · answered by Clycs 4 · 0⤊ 0⤋
$8.25 on $100
2006-10-14 13:47:46 · answer #3 · answered by cadodevine 3 · 1⤊ 0⤋
what is the amount being taxed?
2006-10-14 13:55:46 · answer #4 · answered by Wyntersmile 3 · 0⤊ 0⤋
$0.0825 per dollar you spend
$0.165 per two dollars you spend
and so on..........
2006-10-14 13:56:15 · answer #5 · answered by Anonymous · 0⤊ 0⤋