Calculate the Sales Tax for the Guest Check for Each

question 26

Short Answer

Calculate the sales tax for the guest check for each problem. Round answers to the nearest cent. Guest check $63.87, Sales tax 2 %. $_______________

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Definitions:

Balance Sheet

An outline of a company’s financial status, detailing assets, liabilities, and the equity of its shareholders, at a precise time.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity.

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Expenses

The costs incurred during the operation of a business, which may include payments to suppliers, salaries, and utility bills.