Federal Aviation purchases 16,600 gallons of aviation fuel. The federal excise tax is $0.16 per gallon. Find the amount of the excise tax for this transaction. (Round your answer to the nearest cent if necessary)

Question

Federal Aviation purchases 16,600 gallons of aviation fuel. The federal excise tax is $0.16 per gallon. Find the amount of the excise tax for this transaction. (Round your answer to the nearest cent if necessary) ​

Quizplus · Accepted Answer

The excise tax is calculated by multiplying the number of gallons by the tax per gallon: 16,600 gallons * $0.16/gallon = $2,560.00.

Federal Aviation Purchases 16,600 Gallons of Aviation Fuel