Question: 2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00

2. If you pay for $25.00 for purchase which includes 11%

2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Assistance on these questions with in depth explanation on how to solve them. 1. On December 1, 2015, company signed a $300,000, 5%, six month note payable with the amount borrowed plus accrued...

Q:

1. On December 1, 2015, company signed a $300,000, 5%, six month note payable with the amount borrowed plus accrued interest due six months later on June 1, 2016. The company records the appropriate...

Q:

2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55 - the answer is A but why the answer is A? please explain ..

Q:

2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55 - the answer is A but why the answer is A? please explain step by...

Q:

If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55 The correct answer is A, but why is it A?

Q:

with solution Directions: Read, analyse and solve each question. Write the letter of the correct answer on the space provided before the nu 1) What is the formula for finding the Percentage? A P-RXB...

Q:

with solution please firections: Read, analyse and solve each question. Write the letter of the correct answer on the space provided before the n 1) What is the formula for finding the Percentage? A...

Q:

Add 1. $7.58 + $42.00 _______ 2. $30.14 + $13.00 _______ 3. $50.12 + $91.00 _______ 4. $57.81 + $53.00 _______ 5. $75.18 + $35.00 _______ 6. $21.50 + $19.00 _______ Multiply 7. $25.50 x 6 _______ 8....

Q:

the forces controlling its profitability (e.g., Five Forces analysis). Is Best Buy positioned for long-term profitability? Best Buy Co., Inc. By 2017, the value of Best Buy's stock climbed over 200...

Q:

Got some practice questions before finals Which of the following items does not qualify as a contingent liability? Loaning money to another party who may not be able to repay Unresolved environmental...

Q:

You have been retained to perform an audit of Valley Products, a small corporation which has not been audited during the previous 10 years of its existence. How will your work on the Capital Stock...

Q:

Rubber sidewalks made from ground up tires are said to be environmentally friendly and easier on people's knees. Rubber sidewalks, Inc. of Gardena, California, manufactures the small rubberized...

Q:

PR 6 - 1 6 ( LO 6 - 2 ) A sales invoice typically includes the date of sale, salesperson, customer data, items included in the sale, and amount. Required: A sales invoice typically includes the date...

Q:

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Q:

1 Learning from some of the measures taken by Eskom, AECI and Germiston City Council, what could a foreign company like Colgate Palmolive do to contribute to the development of human potential within...

Q:

Achievementascription. Quite often more traditional societies accord status according to ascription. Again, this may influence recruitment and promotion policies that may be at variance with...

Q:

Indian managers at both middle and senior levels in organizations profess a belief in group-based, participative decision making, but have little faith in the capacity of workers for taking...