Grandma Mozey has passed away. You are a Virginia resident and so was she. Here are a few things you need to figure out:

1. She left you a car that is valued at $15,000. Will you have to pay a federal estate tax on this item?  How about a Virginia estate tax?

2. You need to purchase an outfit for the funeral. You are going to go to Walmart and purchase a nice shirt. The shirt you like costs $24.99.  How much will you have to pay including taxes? What if you were to go onto Walmart.com and purchase the same shirt (assume shipping is free)?

3. Grandpa Mozey is really stressed out and you have to support his HORRIBLE habit of smoking. A pack of cigarettes costs $4.00. How much will you have to pay after taxes (in Virginia)?

4. The funeral is in Pennsylvania! (Because that’s where Grandma Mozey grew up) During your road trip, you ripped your pants! Now you have to purchase a new pair of pants for $50.00! How much will they cost you? (Pennsylvania sales tax is 6%)

5.  You end up staying the night at the local Holiday Inn once you get to Grandma Mozey’s childhood town.  The room rate is 139.99.  How much did the motel room really cost you? (Pennsylvania’s hotel tax is 6%)

6. Finally, you are home and didn’t have a chance to cook dinner. So, you purchased a combo meal at Chik-Fil-a in Newport News. The combo meal is $6.50. How much did you pay for the meal? (Price, VA tax, Newport News tax of 3.5%)

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