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

Step2: Calculate the tax in Massachusetts

To find the tax, we use the formula: Tax = Price × Tax Rate. So, Tax = $1000 × 6% = $1000 × 0.06 = $60.

Step3: Determine the savings

Since New Hampshire has no tax, the savings is equal to the tax paid in Massachusetts, which is $60.

Answer:

$60