if a game on xbox one store costs 49 99 how much will it be with tax

Our team of more than 100 researchers updates our database with the most recent rates and tax laws for each jurisdiction.

*For the most accurate rates due to different local sales tax rates, we strongly advise using our calculator below.

Xbox One How Do You Want to Pay the Rest – Xbox Gift Card Not Working Because of Added Tax Charge

Calculating the sales tax percentage of a total:

We can determine the sales tax percentage of the total cost if we are given the total cost of an item or group of items as well as the pre-tax cost of the good(s). The total cost of the purchase must first be deducted from the pre-tax value. The next step is to calculate the sales tax to pre-tax cost of the items. In order to determine the percentage of sales tax, we must create a proportion where the pre-tax cost is equal to 100%. Lets start by working through an example. If a person pays $245. 64 for groceries that cost $220. 00 before tax, then what is the items’ sales tax rate?

To calculate the cost of the sales tax, first deduct the pre-tax cost from the total cost of the items.

Next, calculate a ratio between the item’s pre-tax cost and the sales tax.

Finally, calculate the percentage of sales tax by formulating a proportion where the pre-tax value is proportional to 100%.

By multiplying each side by the pre-tax amount, isolate the sales tax percentage to the left side of the equation.

Considering that our response is in dollars and cents, round to two decimal places.

Finally, by computing the sales tax percentage of the total as previously seen, we can verify this response.

First, by shifting the point two spaces to the left, we must convert the sales tax percentage into a decimal.

Now, in order to determine the cost of the sales tax, we must multiply the item’s pre-tax price by this amount.

Since our total is in dollars and cents, round to two decimal places.

To determine the final cost, combine this value with the item’s pre-tax price.

Our answers check out; therefore they are correct. Now, lets use this information to solve the given problem.

Solution:

First, multiply the percent tax by the total cost to determine the amount of sales tax:

The price of the computer is then increased by the tax:

Example Question #1 : How To Find The Amount Of Sales Tax

A couple spends $319,000 in total to purchase a home. If the total price includes a 6. How much does the house cost before taxes with a 75% sales tax?

  • Convert tax percentage into a decimal by moving the decimal point two spaces to the left.
  • Multiple the pre-tax value by the newly calculated decimal value in order to find the cost of the sales tax.
  • Add the sales tax value to the pre-tax value to calculate the total cost.
  • FAQ

    Does the Xbox store charge tax?

    Based on the zip code provided with the associated shipping address, state, county, and local laws are used to determine the sales taxes that will be charged.

    How is 8.25 sales tax calculated?

    How to Calculate Sales Tax
    1. Find list price and tax percentage.
    2. To obtain the tax rate as a decimal, divide the tax percentage by 100.
    3. To calculate tax, multiply the list price by the decimal tax rate.
    4. Add tax amount to list price to get total price.

    How do you calculate tax on a purchase?

    What is the sales tax formula?
    1. Sales tax rate = Sales tax percent / 100.
    2. Sales tax = List price x Sales tax rate.

    How much is Microsoft sales tax?

    Microsoft, like many other online merchants, charges US state sales tax for virtual goods like Office 2021 subscriptions and Microsoft 365 subscriptions. That can add up to 7. A Microsoft 365 subscription may increase in price by 5% or even more.

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