In the store, you will often see people pull out a calculator as they try to determine what the sales tax will be on an item. However, if you do not have a calculator or wish that you could calculate sales tax manually, I am going to show you how to figure sales tax in your head very quickly.
I recall being out at an appliance store with my friend Mary a few months ago as she was looking into buying a new refrigerator. Her goal was to buy a refrigerator under $1,000 dollars. At the store she spotted a beautiful model that I had not seen before but the price was $950 dollars.
Mary, excitedly, said, “This is it. This is the one that I am going to go with.”
“But,” I protested, “this refrigerator will cost you over a thousand dollars with the sales tax.”
Mary, like many … Read More