Sales Tax
A tax charged by the government to raise money so it can provide public services.
It is based on a certain percent of the price.
Example: Your State charges 8% sales tax.
You want to buy a t-shirt advertised for $20
Sales Tax is $20 × 8% = $1.60
So you have to pay a total of $20 + $1.60 = $21.60
In some countries the tax is already included in the price, so the t-shirt will be advertised as costing $21.60
The seller collects the tax on behalf of the government (they don't get to keep it!)
It is based on a certain percent of the price.
Example: Your State charges 8% sales tax.
You want to buy a t-shirt advertised for $20
Sales Tax is $20 × 8% = $1.60
So you have to pay a total of $20 + $1.60 = $21.60
In some countries the tax is already included in the price, so the t-shirt will be advertised as costing $21.60
The seller collects the tax on behalf of the government (they don't get to keep it!)
- random sample
- range (statistics)
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