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yKpoI14uk [10]
3 years ago
14

Helen Ming receives a travel allowance of $230 each week from her company for time away from home. If this allowance is taxable

and she has a 28 percent income tax rate, what amount will she have to pay in taxes for this employee benefit? (Round your final answer to 2 decimal places.)
Mathematics
1 answer:
Romashka-Z-Leto [24]3 years ago
8 0

Given :

Helen Ming receives a travel allowance of $230 each week from her company for time away from home.

This allowance is taxable and she has a 28 percent income tax rate.

To Find :

Amount will she have to pay in taxes.

Solution :

Tax paid ( T ) = 28% of $230 .

T=230\times \dfrac{28}{100}\\\\T=\$64.4

Therefore, amount will she have to pay in taxes for this employee benefit is $64.4 .

Hence, this is the required solution.

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