Calculating Sales Tax in ABQ
Hi, all!You may use your computer's calculator. The sales tax rate in Albuquerque is 7.875%. To calculate sales tax, we need to change the percentage to a decimal number. You can change a percentage to a decimal by moving the decimal point 2 places to the LEFT. If the sales tax rate in Albuquerque is 7.875%, what is the decimal value? 0.07875 0.7875 7.875 78.75 How do we calculate? To calculate the sales tax using a decimal number, you multiply the amount of the item times the decimal number. For example $100 x the decimal number. So, the amount of tax would be 100 x 0.0875 = 7.875.Since we only have pennies in the US, we would round this number up to 7.88. If you purchase a Cinnabon for $10, what would be the amount of sales tax? 7.88 0.78 0.79 7.875 Can you match the item amounts with the sales tax amounts? 2 0.16 3 0.24 4 0.32 20 1.58 30 2.36 40 3.15 What would be the sales tax amount for a 10000 item? 7875.00 78.75 787.50 To get the total amount, we need to add the item amount plus the sales tax. For example, if our Cinnabon is $10.00 and the sale tax is $0.79, then the total amount is $10.79. Item Amount Sales Tax Amount Total Amount If we purchase a jacket for $100.00, then the total amount would be $107.88.If we purchase the Samsung Galaxy A90 5G for $1300.00, the total amount would be $1402.38If we purchase a PlayStation 4 Pro 1TB Console + Extra Controller Bundle for $390.00, then the total amount would be $420.71 Ready to take it to the FINAL STEP???? So far we make 2 calculations to find out the total amount. The first step is to calculate the amount of tax. The second step is to add the sales tax amount to the item amount.But there IS an easier way!You can make the calculation in ONE STEP. 12 12.95 26.50 28.59 195.99 211.42 400 431.50