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VashaNatasha [74]
3 years ago
15

A lawyer has an annual income of $173, 482 and will pay a 5.5% income tax rate. What is the amount of income tax in dollars and

cents that the lawyer will have too pay?​
Mathematics
1 answer:
xxTIMURxx [149]3 years ago
4 0

Answer:

$9,541.51

Step-by-step explanation:

we know that

5.5%=5.5/100=0.055 ----> income tax rate in decimal form

To find out the amount of income tax, multiply the income tax rate in decimal form by the annual income

so

0.055(173,482)=$9,541.51

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Tom's stockbroker offers an investment that is compounded continuously at an annual interest rate of 3.7%. If Tom wants a return
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Step-by-step explanation:

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