We can get the tax pay by multiplying the total cost times the tax rate, and take into account that 7.375% = 7375/100000 that huge denominator comes from adding 100 more zeroes as the decimal places in the tax amount has, so we do have: (7.375%)(625) = (<span>7375/100000)(625) = 46.09 therefore, the 7.375% out of $625 is $46.09</span>
Student loans must be repaid; grants are given usually without those types of restrictions; and student work involves a student having an on-campus job.
