1
QuizMultiple Choice

Taxes — Quiz

Question 1 • Economics

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?

Answer
A
$600
B
$6
C
$16
D
$60

Explanation

The savings equal the Massachusetts sales tax that you avoid by buying in New Hampshire. Calculate 6% of $1,000: 0.06 × $1,000 = $60. So the savings are $60, the choice stating “$60.”

AI-written and checked against the verified answer.

Next