Question

if massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $600 $60 $16 $6

Explanation:

Step1: Identify the tax rate and price

The sales tax rate in Massachusetts is 6%, and the price of the television is $1,000. New Hampshire has no sales tax.

Step2: Calculate the tax amount

To find the tax saved, calculate 6% of $1,000. The formula for calculating tax is \( \text{Tax} = \text{Price} \times \text{Tax Rate} \). So, \( \text{Tax} = 1000 \times 0.06 \).

Step3: Perform the multiplication

\( 1000 \times 0.06 = 60 \). So the amount saved is $60.

Answer:

$60