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Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3346
Experience:  15+ years tax preparation and tax advice.
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Customer Question

What is five percent tax of $4.80?

Submitted: 10 years ago.
Category: Tax
Expert:  Wendy Reed replied 10 years ago.

To find out 5% tax on $4.80, multiply the cost by the decimal form of the percent, .05.

4.80 X .05 = .24 (24 cents)

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