Day 12 sales tax gratuity
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This document provides instructions for calculating sales tax and gratuity. It explains that to find the subtotal, you add the individual items purchased. To find the sales tax in New York State, you calculate 8.625% of the subtotal. To find the total, you add the subtotal and sales tax amounts. It also explains that to calculate gratuity, you take 15% of the subtotal amount.
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Day 12 sales tax gratuity
To calculate sales tax and gratuity:
1) Add up the prices of individual items to find the subtotal.
2) Multiply the subtotal by the sales tax percentage, which is currently 8.625% in New York, to calculate the sales tax amount.
3) Add the subtotal and sales tax to get the total.
4) Calculate gratuity by multiplying the subtotal by 15% for good service.
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Day 12 sales tax gratuity
To calculate sales tax and gratuity:
1) Add up the prices of individual items to find the subtotal.
2) Multiply the subtotal by the sales tax percentage, which is currently 8.625% in New York, to calculate the sales tax amount.
3) Add the subtotal and sales tax to get the total.
4) Calculate gratuity by multiplying the subtotal by 15% for good service.
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Okay, here are the steps:
1) Federal tax withholding (from tables): $36
2) Social Security tax (6.2% of $628): $38.93
3) Medicare tax (1.45% of $628): $9.11
4) Medical insurance: $28
5) Union dues: $12
Total deductions: $36 + $38.93 + $9.11 + $28 + $12 = $124.04
Net pay: $628 - $124.04 = $503.96
So the deductions are $124.04 and the net pay is $503.96.
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Day 12 sales tax gratuity
To find sales tax and gratuity:
1. Add up the costs of individual items to get the subtotal
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3. Add the subtotal and sales tax to get the total
4. For gratuity, multiply the subtotal by 15%
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Okay, here are the steps:
1) Federal tax withholding (from tables): $36
2) Social Security tax (6.2% of $628): $38.93
3) Medicare tax (1.45% of $628): $9.11
4) Medical insurance: $28
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Total deductions: $36 + $38.93 + $9.11 + $28 + $12 = $124.04
Net pay: $628 - $124.04 = $503.96
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Day 12 sales tax gratuity
- 1. OBJECTIVE: How do we find sales tax and gratuity? Do Now 1
- 2. Homework: Pages 318-319 #12-19 all, 35, 44 2
- 3. Anticipatory Set 1.) How do you find the sales tax that you have to pay on a purchase you make? 2.) What is the current New York State Sales Tax? 3
- 4. How do we find the subtotal? Add the individual items How do we find sales tax? Find 8.625% of the subtotal Add Subtotal and Sales Tax How do we find the total? Find 15% of the SUBTOTAL How do we find the gratuity? 4
- 5. How do we find the subtotal? Add the individual items Find 8.25% find sales tax? How do we of the subtotal 8.25% How do we find the total? Add Subtotal and Sales Tax 5
- 6. 8.25% 8.25% 6
- 7. 8.25% 8.25% 7
- 8. BEFORE YOU LEAVE Complete the following Venn Diagram on the similarities and differences between Sales Tax and Gratuity at a restaurant. 8
- 9. Mr. Tjersland's Math 7 Homework: None 9