Bill Jones bought a fishing rod that sells for $70 subject to a 6% sales tax and an excise tax of 10%. The total amount Bill paid for the rod is:

Question

Quizplus · Accepted Answer

First, we need to calculate the sales tax: 
6% of $70 = $4.20

Then, we need to calculate the excise tax: 
10% of $70 = $7.00

Now we can add up the total cost: 
$70 + $4.20 + $7.00 = $81.20

Therefore, the total amount Bill paid for the rod is $81.20. So, the correct answer is C.

Bill Jones Bought a Fishing Rod That Sells for $70