A tax rate of 8% is applied to a $120 invoice. What is the tax amount?

Study for the ATandT Information Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

Multiple Choice

A tax rate of 8% is applied to a $120 invoice. What is the tax amount?

Explanation:
Percent of a number is found by turning the percent into a decimal and multiplying by the base amount. Convert 8% to 0.08, then multiply by 120: 120 × 0.08 = 9.60. So the tax is $9.60. This matches the amount shown as $9.60. The other options come from different percentages of 120 (for example, 7.5% gives $9.00 and 10% gives $12.00), so they’re not correct for 8%.

Percent of a number is found by turning the percent into a decimal and multiplying by the base amount. Convert 8% to 0.08, then multiply by 120: 120 × 0.08 = 9.60. So the tax is $9.60. This matches the amount shown as $9.60. The other options come from different percentages of 120 (for example, 7.5% gives $9.00 and 10% gives $12.00), so they’re not correct for 8%.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy