Question

Mr Ronaldo earns $54,800 annually. If he pays the government with an income tax rate of 9%, then how much will he pay in just income taxes?

Answer 1

The total income tax paid by Mr. Ronaldo is $4932

A fraction of 100 can be used to express a number or ratio as a percentage. Per 100 is what the word percentage signifies. To denote it, use the symbol "%".

The phrase "income tax" refers to a particular kind of tax that governments levy on money made by people and enterprises under their control.

Given data

Ronaldo earns annually = 54, 800

Tax paid to government = 9%

We have to find the income tax by him =?

Let us consider total income tax paid by Ronaldo = X

⇒ 54,800 x 9% = X

⇒ 54800 x 9/100 =X

⇒ 493200 / 100 =X

X = 4932

Therefore total tax paid by him is $4932

To learn more about Percentages visit

brainly.com/question/26080842

#SPJ9