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A company is having an employee party and spends $200 on food and $65 on decorations. Food is taxed at 3%, and all other retail is taxed at 6%. How much will the company pay in taxes on these items?

Question

A company is having an employee party and spends 200onfoodand200 on food and 65 on decorations. Food is taxed at 3%, and all other retail is taxed at 6%. How much will the company pay in taxes on these items?

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Solution

Step 1: Calculate the tax on food. The food costs 200andistaxedat3200 and is taxed at 3%. So, the tax on food is 200 * 3/100 = 6.

Step 2: Calculate the tax on decorations. The decorations cost 65andaretaxedat665 and are taxed at 6%. So, the tax on decorations is 65 * 6/100 = 3.9.

Step 3: Add the tax on food and the tax on decorations to find the total tax. So, the total tax is 6 + 3.9 = $9.9.

Therefore, the company will pay $9.9 in taxes on these items.

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