- The purchase price of the car
- The sales tax rate in your area
Here are the steps to calculate the sales tax:
1. Multiply the purchase price of the car by the sales tax rate.
2. The resulting amount is the estimated sales tax on the car.
Here's an example:
Let's say you're buying a car for $20,000 and the sales tax rate in your area is 8%.
To calculate the sales tax, you would multiply $20,000 by 0.08. This gives you $1,600.
The estimated sales tax on the car would be $1,600.
Keep in mind that the actual sales tax you'll pay may vary slightly from this estimate, depending on the exact purchase price and sales tax rate in your area.
