What will the 6% sales tax be on purchases totaling $145.50?

Solution:

Sales Tax is calculated on the value of the goods that have been purchased and is charged in addition to the value of the goods purchased.

The purchases in the given problem statement is = $145.50

Sales Tax = 6% × $145.50

= $8.73

If the customer pays an amount of $154.23 for the purchases made inclusive of sales tax which is charged @ 6% then the sales tax amount is:

Purchases Made($x) + 6% of the Purchase Made(x) = 154.23

x + 0.06x = 154.23

1.06x = 154.23

x = 154.23/1.06

= $145.50

What will the 6% sales tax be on purchases totaling $145.50?

Summary:

The amount of sales tax on purchases totaling $145.50 @6% will be $8.73