Answer:
Third Option: $2.07
Step-by-step explanation:
Sales tax is the tax that is applied on the sales of goods by the government paid by the public. Here,
Given
Amount = $29.50
And
Sales tax rate = 7%
The formula for calculation of tax is:
Sales tax = Amount * tax rate
= 29.50 * 7/100
= 29.50*0.07
= 2.065
Rounding off will give
$2.07
So third option is correct ..
