The tax rate charge on the tool that is worth 9.5% is $4.75. The total amount paid for the tool is $54.75
What is the tax rate charged on a piece of equipment?
The tax rate charge on a piece of equipment follows a standard rate by tax charges organization in that geographical region.
Given that:
- A tool is worth $50
- The tax rate charge = 9.5%
= 9.5% × $50
= 0.095 × 50
= $4.75
The total amount paid for the tool is = $4.75 + $50 = $54.75
Learn more about tax rate charges here:
https://brainly.com/question/867229
#SPJ6
