9
QuizMultiple Choice

Taxes — Test

Question 9 • Financial Math

A retail store sells furniture worth $⁢5,000 in an area with a 6.5% sales tax. How much tax is added to the bill?

Answer
A
350 dollars
B
300 dollars
C
325 dollars
D
375 dollars

Explanation

Convert 6.5% to a decimal: 0.065. Multiply the furniture price by the tax rate: $5,000 × 0.065 = $325. Therefore, $325 in tax is added to the bill, which is choice A.

AI-written and checked against the verified answer.

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