Question
upstudy study bank question image url

The sales tax rate for the state of Washington was \( 7.2 \% \). What is the state sales tax on a \( \$ 5,000 \) car in Washington? What is the final cost of the car, including tax? \( \$ \)

Ask by Mann Lee. in the United States
Feb 03,2025

Real Tutor Solution

Tutor-Verified Answer

Answer

The state sales tax on a \$5,000 car in Washington is \$360, making the final cost \$5,360.

Solution

To calculate the sales tax and the final cost of the car in Washington: 1. **State Sales Tax:** \[ \text{Sales Tax} = \$5{,}000 \times 7.2\% = \$5{,}000 \times 0.072 = \$360 \] 2. **Final Cost Including Tax:** \[ \text{Final Cost} = \$5{,}000 + \$360 = \$5{,}360 \] **Answers:** - **State Sales Tax:** \$360 - **Final Cost of the Car (including tax):** \$5,360

Reviewed and approved by the UpStudy tutoring team

error msg
Explain
Simplify this solution

Bonus Knowledge

To calculate the state sales tax on a \( \$ 5,000 \) car in Washington, you multiply the price of the car by the sales tax rate. Sales Tax = \( 5,000 \times \frac{7.2}{100} = 5,000 \times 0.072 = \$360 \). Now, to find the final cost of the car including tax, simply add the sales tax to the original price: Final Cost = \( 5,000 + 360 = \$5,360 \). So, the sales tax is \( \$360 \) and the final cost of the car is \( \$5,360 \). --- Did you know that Washington has a unique history with sales tax? It was one of the first states to adopt a sales tax back in 1933 to boost revenue during the Great Depression! This innovative way of taxing purchases helped the state to weather financial challenges and continues to play a significant role in funding public services today. If you're ever calculating taxes, remember to double-check the current rate and any local taxes that may apply! Many cities have additional local taxes that can increase your final amount. Also, keep in mind that rounding errors can occur during calculations – always use a calculator for precision!

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy