what is 5% sales tax?

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what is 5% sales tax?

2007-02-28 09:50:15 · 2 answers · asked by aplusstudent1996 2 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

A tax levied at 5 cents on every dollar of the sales price.

2007-02-28 10:54:51 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋

The truth is whatever you buy you can multiply by 1.05 to get the total cost. The difference between the cost on the price tag and the price you actually pay is the 5% tax.

2007-02-28 18:04:15 · answer #2 · answered by Jessica M 4 · 0⤊ 0⤋