Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a

Question

2 years ago

8

t the end of the year? Show your work.

2 answers:

Alex Ar [27] · Answer 1 · 2022-07-16T00:43:50+03:00

Answer:

$1,263.75

Explanation:

Given information

Earning made in one year = $8,425

Income tax rate = 15%

By considering this information, the tax amount at the end of the year is

= Earning made in one year × income tax rate

= $8,425 × 15%

= $1,263.75

In order to determine the tax amount we simply multiplied the earnings with the income tax rate so that the approximate value could come.

AleksandrR [38] · Answer 2 · 2022-07-15T23:19:02+03:00

3 0

$7165.25 hope this help =]