Sales tax is calculated by multiplying the price of an item by the Tax rate.
Sales tax is calculated by multiplying the price of an item by the sales tax rate.
Sales tax can be defined as the money that is included in the goods and services a person or an individual bought.
Sales tax can be calculated by using this formula
Sales tax=Selling price×Sales tax rate
Example if a person bought goods which price is $100 and the tax rate is 5% , the sales tax will be $5 calculated as:
Sales tax=$100×5%
Sales tax=$5
Inconclusion sales tax is calculated by multiplying the price of an item by the sales tax rate.
Learn more about sales tax here:https://brainly.com/question/15748311
