Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Mr. Norris buys a boat for $125,000. He has to pay a 5% tax on his purchase of the boat. How much money is the tax?