Find the total amount, including tax, for an item with a price of $4,379.00 and a tax rate of $4 \frac { 1 } { 2 } \%$ .
A) $\$ 4,554 \cdot 16$
B) $\$ 19,705.50$
C) $\$ 197.06$
D) $\$ 2,408.45$
E) $\$ 4,576.06$

Question

Quizplus · Accepted Answer

First, we need to convert the tax rate from a mixed number to a decimal: 4 $\frac{1}{2}\%$ = 0.045. Next, we can calculate the amount of tax by multiplying the price by the tax rate:

$4,379.00 x 0.045 = $197.06

Finally, we can find the total cost by adding the price and the tax:

$4,379.00 + $197.06 = $4,576.06

Therefore, the correct answer is E.

Find the Total Amount, Including Tax, for an Item with a Price