WHAT IS 10.25 TAX OF 2872.45

Question

NEED TO FIGURE OUT WHAT THE WHAT AMOUNT OF 2872.45 IS 10.25 TAX 

 

Answer 1

Is 10.25 the AMOUNT of the Tax or is it the PERCENT.

 

Suppose it is the tax amount. THen 10.25/2872.34 = 0.00356838 = 0.356868% Tax

 

 

But if it is the PERCENT, then 10.25% = .1025

So 10.25% of 2872.45 = $294.43

That's a lot of tax!!!