Sales tax on the purchase of a vehicle is calculated on the net purchase price (which is the total purchase price minus the amount allowed by a dealer for any trade-in). The rate of tax for residents in Denver, CO is as follows:

Colorado state tax: 2.90%
Regional transportation district (RTD) tax: 1.20%
Denver city tax: 3.62%
Using the information above, answer the following:

What is the total sales tax to be paid in 2002 on the purchase of a 2002 passenger vehicle with a sales price of $17,000 and a $2,000 trade-in allowance?
How would the sales tax be distributed between the state+

Question

Sales tax on the purchase of a vehicle is calculated on the net purchase price (which is the total purchase price minus the amount allowed by a dealer for any trade-in). The rate of tax for residents in Denver, CO is as follows:

Colorado state tax: 2.90%
Regional transportation district (RTD) tax: 1.20%
Denver city tax: 3.62%
Using the information above, answer the following:

What is the total sales tax to be paid in 2002 on the purchase of a 2002 passenger vehicle with a sales price of $17,000 and a $2,000 trade-in allowance?
How would the sales tax be distributed between the state+