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The Federal Excise Tax on Tires Is 434%4 \frac { 3 } { 4 } \%

Question 94

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The federal excise tax on tires is $.15 per lb. Brenden Services purchased 620 tires rated at 70 lbs each for its fleet of trucks. The tires had a retail price of $120 each. The state sales tax is 434%4 \frac { 3 } { 4 } \% .
A)What is the total sales tax?
B)What is the total excise tax?
C)What is the total purchase price of the tires?

Correct Answer:

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a.$3,534
b...

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