Assignment 11 - Assignment No. 11.1 2. Bills hardware is in...

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Unformatted text preview: Assignment No. 11.1 2. Bills hardware is in city where the sales tax is 3.5% and the city tax is 2%. Determine the sales tax, the total sales and the change given for each transition. Then compute the total sales taxes and total sales. Answer: Amount of sales Sales tax Total sales Cash paid Amount of change $189.50 10.42 199.92 200 0.08 54.21 2.98 57.19 60 2.81 22.89 1.26 24.15 25 0.85 289.44 15.92 305.36 320 14.64 17.00 0.94 17.94 20 2.06 99.98 5.50 105.48 120 14.52 Total 37.02 710.04 745 34.96 4 If the candy stored in problem 3 computed the amount of sales tax submitted to the state based on 4% of gross sales, what would be the difference between the amount of tax the store collected and the amount is submitted to the state. Answer: 658 0.10 65.8 935 0.35 327.25 720 0.49 352.8 985 0.65 640.25 612 0.75 459 865 0.90 778.5 Total sales 2623.6 $2623.6*0.04 = 104.94 to the sales 106.26 collected 104.94 To the store 1.32 differences, which the store keeps 6 Calico books has stored in four states. Sales tax rates for the four states are as follow: state A, 8%, state B, 6.2%, state C, 5.2%, state D, 3%. Annual sales for the four states last state A, 8%, state B, 6....
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This note was uploaded on 08/03/2011 for the course ECON 101 taught by Professor Hughes during the Spring '11 term at Ashford University.

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Assignment 11 - Assignment No. 11.1 2. Bills hardware is in...

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