if massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be…

if massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $600 $60 $16 $6

if massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $600 $60 $16 $6

Answer

Explanation:

Step1: Identify the tax rate and price

The price of the television is $1,000, and the sales tax rate in Massachusetts is 6%. New Hampshire has no sales tax.

Step2: Calculate the tax in Massachusetts

To find the tax amount, use the formula: ( \text{Tax} = \text{Price} \times \text{Tax Rate} ). Substituting the values, we get ( \text{Tax} = 1000 \times 0.06 ).

Step3: Compute the tax

( 1000 \times 0.06 = 60 ). So the tax in Massachusetts is $60, which is the amount saved by buying in New Hampshire (since New Hampshire has no tax).

Answer:

$60