How would I figure this question out? At a rate of 5.5%, how much tax would one pay on $130?

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2007-08-22 06:32:51 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States

To put it simply take the $130 and multiply it by .055 = $7.15. Total including tax would be $137.15

2007-08-22 07:20:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Multiply 130 by 0.055. The answer would be $7.15.

2007-08-22 13:45:47 · answer #2 · answered by El Jefe 7 · 0⤊ 0⤋

.055% X $130= $7.15

2007-08-22 13:43:26 · answer #3 · answered by Ret68 6 · 0⤊ 0⤋

5.5% is .055. So multiply .055 times $130.

2007-08-22 13:47:07 · answer #4 · answered by Judy 7 · 0⤊ 0⤋