Answer:
$0.21.
Step-by-step explanation:
We have been given that the cost of an item is $2.99. We are asked to find the amount of 7% tax for the given item.
To find the amount of tax, we need to figure out 7% of $2.99.
[tex]\text{Amount of the tax}=\frac{7}{100}\times \$2.99[/tex]
[tex]\text{Amount of the tax}=0.07\times \$2.99[/tex]
[tex]\text{Amount of the tax}=\$0.2093[/tex]
[tex]\text{Amount of the tax}\approx \$0.21[/tex]
Therefore, the tax of the item that costs $2.99 would be approximately $0.21.