George had $1,201.87 in taxable income for the last pay period. If the federal income tax rate was 15%, how much did George pay
in federal income taxes for the last pay period?
1 answer:
Just multiply the income by .15
1201.87 * .15 = 180.28
He paid $180.28
It could be a trick question though because he didnt have a lot of income so maybe he didn't pay any taxes.. I've heard that's a thing
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