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?
2 answers:
Answer:
$33
Step-by-step explanation:
The travel allowance that Helen Ming receives is $220
The income tax rate is
The amount she has to pay is calculated by multiplying the tax rate by the travel allowance.
We simplify to obtain
Therefore Helen Ming has to pay $33 form her benefit.
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.
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