Bob's Furniture Barn is having a sale on all their inventory for Labor Day, If you purchase anything this weekend, you do not pay the \( 9 \% \) sales tax on items. You decide to buy a new sofa for \( \$ 2,540 \), coffee table for \( \$ 629 \), and a club chair for \( \$ 1,845 \). How much are you saving by not paying tax? Round your answer to the nearest cent.

To calculate how much you are saving by not paying the \( 9\% \) sales tax on your purchases, first find the total cost of the items you are buying: \[ \text{Total Cost} = \$ 2,540 + \$ 629 + \$ 1,845 = \$ 5,014 \] Now, calculate the sales tax that would typically apply: \[ \text{Sales Tax} = 9\% \text{ of } \$ 5,014 = 0.09 \times 5,014 = \$ 451.26 \] By not paying this sales tax, you are saving \( \$ 451.26 \). Rounding to the nearest cent, your total savings is: \[ \text{Total Savings} = \$ 451.26 \] So, you are saving \( \$ 451.26 \) by taking advantage of the Labor Day sale!