Figuring Out Sales Tax and Income Tax

Calculate the sales tax for a given purchase and calculate income tax for earned wages.

Part of The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor

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Intro

Two Kinds of Tax

By the end of this lesson, you will be able to calculate the sales tax on something you buy and calculate the income tax taken out of money you earn. Both use percents, but they work in opposite directions, as you will soon see.

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