Question

An employee earned $56,700.00 in a year and had $8,788.50 withheld for federal income tax. What federal income tax percent was withheld? if necessary, round your answer to the nearest hundredth of a percent. (Hind: write out a verbal sentence of what you are trying to find, then turn into a mathematical equestion to solve)
Show your setup as well as answer.

Answer 1

So earned 56,700 in a year and had 8,788.5 held back
convert to percent

so find what percent was withhelald which is (amount held back)/(total taken from)
so it would be 8,788.5/56,700=0.155/1
percent means parts out of 100 or x/100=x% so convert the bottom number ot 100 by mulitplyint the whole fraction by 1 or 100/100 so
0.155/1 times 100/100=15.5/100=15.5%
the answer is 15.5%