if there is an 8% tax on 1.00 item what is the total amount of the transaction

The total price would be $1.08! Hope this Helps :-)

1.00 x.08 = 1.08

If I am pressed for time I simply multiply the total price of the item by the tax amount like when I am shopping and something is on sale.  If an item is on sale, say $25 with 10% discount  I can simply divide 25/10 = 2.50 = discount!! but for taxes, I simply multiply the price of the item by the tax amount. Hope this help if you are taking a test