b) Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxe
s at the end of the year? Show your work.
2 answers:
Answer:
The tax would be $ 1,263.75
Step-by-step explanation:
Given,
Total earning in one year = $ 8,425,
Income tax percentage per year on earning = 15%
Hence, the amount of tax at the end of one year
= 15% of the total earnings
= 15% of 8425
= $ 1,263.75
$1,263.75 is how much would be taxed
Take 8425 multiply it by 0.15 to get your answer
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hope this helps and have a great day :)
