- BUYING FISHING EQUIPMENT There are federal
exercise taxes on the retail price when purchasing
fishing equipment. The taxes are intended to help pay
for parks and conservation. What is the federal excise
tax rate if there is an excise tax of $17.50 on a fishing
rod and reel that has a retail price of $175?
- TAX HIKES In order to raise more revenue, some
states raise the sales tax rate. How much additional
money will be collected on the sale of a $15,000 car if
the sales tax rate is raised 1%?
- FOREIGN TRAVEL Value-added tax (VAT) is a
consumer tax on goods and services. Currently, VAT
systems are in place all around the world. (The
United States is one of the few nations not using a
value-added tax system.) Complete the table by
determining the VAT a traveler would pay in each
country on a dinner that cost $25. Round to the
nearest cent.
62. COST-OF-LIVING INCREASES A woman making
$32,000 a year receives a cost-of-living increase that
raises her salary to $32,768 per year. Find the percent
of increase in her yearly salary.
63. LAKE SHORELINES
Because of a heavy spring
runoff, the shoreline of
a lake increased from
5.8 miles to 7.6 miles.
What was the percent of
increase in the length of
the shoreline? Round to the nearest one percent.
64. CROP DAMAGE After flooding damaged much of
the crop, the cost of a head of lettuce jumped from
$0.99 to $2.20. What percent of increase is this?
Round to the nearest one percent.
65. OVERTIME From May to June, the number of
overtime hours for employees at a printing company
increased from 42 to 106. What is the percent of
increase in the number of overtime hours? Round to
the nearest percent.
66. TOURISM The graph below shows the number of
international visitors (travelers) to the United States
each year from 2002 to 2008.
a. The greatest percent of increase in the number
of travelers was between 2003 and 2004. Find
the percent increase. Round to the nearest one
percent.
b. The only decrease in the number of travelers was
between 2002 and 2003. Find the percent decrease.
Round to the nearest one percent.
67. REDUCED CALORIES A company advertised its
new, improved chips as having 96 calories per serving.
The original style contained 150 calories. What
percent of decrease in the number of calories per
serving is this?
10
20
30
40
50
60
70
2002 2003 2004 2005
Year
2006 2007 2008
Millions of visitors
Source: U.S. Department of Commerce
International Travel to the U.S.
43.6 41.2 46.1
49.2 51.0
56.0 58.0
6.3 Applications of Percent 549
Country VAT rate Tax on a $25 dinner
Mexico 15%
Germany 19%
Ireland 21.5%
Sweden 25%
Source:www.worldwide-tax.com
- PAYCHECKS Use the information on the paycheck
stub to find the tax rate for the federal withholding,
worker’s compensation, Medicare, and Social Security
taxes that were deducted from the gross pay.
- GASOLINE TAX In one state, a gallon of unleaded
gasoline sells for $3.05. This price includes federal and
state taxes that total approximately $0.64. Therefore,
the price of a gallon of gasoline, before taxes, is $2.41.
What is the tax rate on gasoline? Round to the
nearest one percent.
- POLICE FORCE A police department plans to
increase its 80-person force to 84 persons. Find the
percent increase in the size of the police force.
6286244
Issue date: 03-27-10
GROSS PAY
TAXES
FED. TAX
WORK. COMP.
MEDICARE
SOCIAL SECURITY
NET PAY
$360.00
$ 28.80
$ 13.50
$ 4.32
$ 22.32
$291.06
© iStockphoto.com
