6 what is the 6% sales tax that would be due on a $17,500 car?

$10,500
$18,550
$1,050
$150

Question

6 what is the 6% sales tax that would be due on a $17,500 car?

$10,500
$18,550
$1,050
$150

Accepted Answer

{ "quality": "clear", "question_count": 1, "skills_matched": [ "step_cot", "multiple_choice_formatter", "explain_then_answer", "quick" ], "needs_drawing": false, "concepts_used": [ "Car Buying Process" ], "new_concepts": [ "Sales Tax Calculation" ], "current_concepts": [ "Car Buying Process", "Sales Tax Calculation" ] } ## Identify the given values $$ \begin{aligned} &\text{Purchase Price} = \$17,500 \ &\text{Sales Tax Rate} = 6\% = 0.06 \end{aligned} $$ ## Calculate the sales tax amount $$ \begin{aligned} \text{Sales Tax} &= \$17,500 \times 0.06 \ &= 17500 \times \frac{6}{100} \ &= 175 \times 6 \ &= 1050 \end{aligned} $$ ## Match with the given options $$ \text{Sales Tax} = \$1,050 $$

(A) \$10,500

(B) \$18,550

(C) \$1,050

(D) \$150

{ "subject": "Business", "question_type": "Multiple Choice", "knowledge_point": [ "Business", "Personal Finance", "Car Buying Process" ] }

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QUESTION IMAGE

Question

Explanation:

Identify the given values

Calculate the sales tax amount

Match with the given options

Answer: