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- 4. Eunice Kross purchases a lawn chair for $28.00 and a picnic table for $140.00. The sales tax rate is 5%. a. What is the total selling price? b., What is the sales tax? 5.Suppose that the local sales tax rate is 7% and you purchase a car for $14.600. a. How much tax is paid? b. What is the car's total cost? a. The amount of tax paid is $7. Clinton Horvath purchases a $147.50 tool set and a tool box for $27.55. The sales tax rate is 6%. What is the sales tax on Clinton's purchases? 8. Isabel Merquez purchases eight snark plugs at $1.6 fo ns of oit at $1. 49 3.79. The sales tax rate is 7%. per o 20 and a. wwhat is the total selling price?
- Based on the following data, would you recommend buying or renting? Buying Costs Annual mortgage payments Rental Costs Annual rent Insurance Security deposit $7,430 150 675 Rental cost Buying cost $ $ Assume an after-tax savings interest rate of 7 percent and a tax rate of 32 percent. Assume this individual has other tax deductions that exceed the standard deduction amount. Buying $9,900 (9,600 is interest) Property taxes $1,800 Down payment/closing costs Growth in equity $4,600 $ 300 Insurance/maintenance. $1,100 Estimated annual appreciation $1,750 a. Calculate total rental cost and total buying cost. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) b. Would you recommend buying or renting?10a) Johann bought a mountain bike for a total amount (including 13% sales tax) of $3,192.25. What was the original price before tax? Round to nearest dollar.You are in a car accident and your car is totaled. You find a new-to-you vehicle for $18,395 that you would like to buy. A) If the sales tax is 6.5% of the purchase price, what is the amount of the sales tax? B) With the sales tax, how much is the vehicle cost altogether? C) If the car license fee is 1.2% of the purchase price, find the amount of the license fee. D) If you were to make a down payment of $2500, find the amount of the loan that you would need. E) Assuming you get a loan for 4 years at an interest rate of 7.5% what amount would you need to borrow with the sales tax and license fee included? F) Taking the answer from E) what would your monthly payments be?
- A customer purchases $28.14 in prodcts only $12.83 is taxable. How much sales tax is owed if the tax rate is 10%?10. Loudoun Trucking purchases 4,750 truck tires. The federal excise tax is $0.13 per tire. Find the amount (in $) of the excise tax for this transaction. $You negotiate a car price to $ 25, 000 You must add sales tax to the purchase of 9.50%which gives you the total purchase price for the car at Type your answer here You trade in your old your vehicle for $5,000, and you benefit from a $900 manufacturer's rebateYour adjusted capitalized cost is
- 10) THE BURKEY'S PURCHASED A CAR. IF THE TOTAL COST INCLUDING A 5% SALES TAX WAS $12,836.25, FIND THE COST OF THE CAR BEFORE TAX. 20171 V STATE RIMATEYou negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies from state to statewhich gives you the total purchase price for the car at 524,255, You trade in your old vehicle for 53,000, and you benefit from a $1,000 manufacturer's rebateWhat is your adjusted capitalized cost? (round to the nearest dollar) DO NOT INCLUDE COMMAS ORYou negotiate a car price to $22,000. You must add sales tax to the purchase of 10.25% (this varies from state to state), which gives you the total purchase price for the car at $24,255. You trade in your old vehicle for $3,000, and you benefit from a $1,000 manufacturer's rebate. What is your adjusted capitalized cost? (round to the nearest dollar) {DO NOT INCLUDE COMMAS OR $} Type your numeric answer and submit