8 percent is 8 cents on the dollar. So if a person spends $2.00 then the tax would be 16 cents.
The Sales Tax Rate In Jackson Is 8% Of Which The Town Keeps All The Proceeds. The Town Is Saving For A New Traffic Meter Which Costs $124. How Much Must The Jackson Sell To Earn Enough Money To Purchase The New Traffic Meter?
At 8% Sales Tax the town would need to sell $1550.00 to get the needed $124.00.