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NAME DATE PERIOD Lesson 6 Homework Practice Financial Literacy: Sales Tax, Tips, and Markup Determine the total cost to the nearest cent. 1. $18.00 breakfast; 7% tax2. $14 meal; 20% tip3. $24 lunch;
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01
Gather all the necessary information and documents such as the sales tax form and the additional amount details.
02
Identify the correct sales tax rate and any applicable exemptions or deductions.
03
Calculate the additional amount by multiplying the sales tax rate by the taxable amount of the transaction.
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Fill out the sales tax form by entering the necessary information such as the buyer and seller details, transaction date, and taxable amount.
05
Add the calculated additional amount to the total sales tax due.
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Review the completed form for accuracy and make any necessary corrections.
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Submit the filled-out sales tax form along with any required supporting documents to the relevant tax authority.
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Maintain a copy of the filled-out form and supporting documents for your records.

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Any individual or business who is involved in selling goods or services that are subject to sales tax may need to fill out sales taxadditional amount of. This includes retailers, wholesalers, manufacturers, and service providers.
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Sales tax additional amount refers to the extra tax charged on the sale of goods and services, which is calculated as a percentage of the sale price.
Businesses that sell taxable goods or services are required to file sales tax additional amounts. This includes retailers, wholesalers, and service providers.
To fill out the sales tax additional amount form, businesses must gather their sales records, calculate the total sales tax collected, and complete the form with accurate sales figures and tax rates.
The purpose of sales tax additional amount is to generate revenue for state and local governments, which is used for public services and infrastructure.
Businesses must report total sales, total taxable sales, the rate of sales tax charged, and the total amount of sales tax collected during the reporting period.
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