Assignment: Tax and Tip Investigation
How much does it really cost to enjoy a meal at your favorite restaurant?
Find a menu from one of your favorite places to eat (you can find a lot of restaurant menus online).
Make a list of what you would typically order at this restaurant. Be sure to include drinks, appetizers, sides, and desserts if you generally order these things. Next to each item, write the price that is listed on the menu.
Now add the prices of all of these items together to get your subtotal:__________________
What is the sales tax in your area? ___________________
How much is the tax on your meal? (If there is no sales tax in your community, use the tax rate of 8% for this exercise.) ____________
You should leave your server an 18% tip. How much should you tip for this meal? _______
What is the total cost of your meal (with tax and tip)? _________