16
QuizMultiple Choice

Taxes

Question 16 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is

Answer
A
2 percent.
B
4 percent.
C
6 percent.
D
8 percent.

Explanation

Divide the sales tax by the shirt’s price: $2.10 ÷ $34.99 ≈ 0.06. Converting 0.06 to a percent gives about 6%, so the sales tax rate is 6 percent.

AI-written and checked against the verified answer.

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