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 w
ithheld? 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.
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%
