Monday, July 02, 2007
Where'd it Go?
The other day I stopped into the Home Depot to pick up some screws. I didn't need many and was a little short of time so didn't do much looking. Anyway, I ended up buying one little bag of screws and checked out using the self service line.
In Michigan we have a 6% sales tax. The little bag of screws (4 ea.) I bought cost $0.98. It rang up as $1.04. Here's the question: the 6 cents that was added as tax isn't 6 percent of $0.98 - it should actually be $0.0588. Now granted I'm not going to be able to pay, or Home Depot collect that fraction of a penny and actually will hardly notice it. But where does it go? Since more than one person buys stuff in Home Depot (or any other store for that matter) during a day, that fraction of a cent is going to soon add up.
