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 $15 $6

Explanation:

Step1: Identify the tax rate and price

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

Step2: Calculate the sales tax in Massachusetts

To find the sales tax, use the formula: \( \text{Tax} = \text{Price} \times \text{Tax Rate} \). Substituting the values, we get \( \text{Tax} = 1000 \times 0.06 \).

Step3: Compute the tax amount

\( 1000 \times 0.06 = 60 \). So the tax in Massachusetts is $60, which is the amount saved by buying in New Hampshire (since New Hampshire has no tax).

Answer:

\$60