A trucking company buys 25,275 gallons of gasoline. The federal excise tax is $0.195 per gallon. Find the amount of excise tax due. (Round your answer to the nearest cent if necessary)

Question

Quizplus · Accepted Answer

To find the amount of excise tax due, multiply the number of gallons by the tax rate per gallon: 25,275 gallons * $0.195/gallon = $4,928.625, which rounds to $4,928.63.

A Trucking Company Buys 25,275 Gallons of Gasoline