Question

Helen Ming receives a travel allowance of $220 each week from her company for time away from home. If this allowance is taxable and she has a 15 percent income tax rate, what amount will she have to pay in taxes for this employee benefit?

Answer 1

Answer:

$33

Step-by-step explanation:

The travel allowance that Helen Ming receives is $220

The income tax rate is $15\%$

The amount she has to pay is calculated by multiplying the tax rate by the travel allowance.

$=\frac{15}{100}\times220$

We simplify to obtain

$=\frac{15}{10}\times22=33$

Therefore Helen Ming has to pay $33 form her benefit.

Answer 2

Answer:

$33

Step-by-step explanation:

As Helen Ming receives a travel allowance of $220 and has a 15% income tax rate, to calculate the amount she has to pay in taxes for this benefit, we have to calculate the 15% of $220:

220*(15/100)= 220*0,15= 33

The amount she will have to pay is $33.