What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?

Question

What equation would be used to calculate the sales tax amount if the purchase price is $32 and there is a 4% sales tax?
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Solution 1

The equation to calculate the sales tax amount would be:

Sales Tax Amount = Purchase Price * Sales Tax Rate

In this case, the purchase price is $32 and the sales tax rate is 4% (or 0.04 when expressed as a decimal). So, the equation would be:

Sales Tax Amount = $32 * 0.04 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyG

s a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Know

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