Suppose you bought a digital camera for a total purchase price of $277.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.) a. $5.40 b. $14.24 c. $15.01 d. $51.48

Suppose you bought a digital camera for a total purchase price of $277.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.) a. $5.40 b. $14.24 c. $15.01 d. $51.48

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Suppose you bought a digital camera for a total purchase price of $277.99. If state taxes were 5.4%, what was the amount of the sales tax? (Round your answer to the nearest cent.)

a. $5.40

b. $14.24

c. $15.01

d. $51.48

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