Find the Sales Tax for the Item Using a Sales

question 211

Short Answer

Find the sales tax for the item using a sales tax rate of 6%. Round your answer to the nearest cent.
Stereo, $461.95
$__________

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Definitions:

Labor-Intensive

A term describing a process or industry that requires a large amount of labor to produce its goods or services as compared to the amount of capital required.

Comparative Advantage

The capacity of a being to generate a product or offer a service at a reduced opportunity cost in comparison to another.

Cars

motor vehicles with wheels designed primarily for the transport of people rather than goods.

Lumber

Timber that has undergone transformation into boards and beams, representing an intermediate phase in the creation of wooden materials.