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Ivenika [448]
3 years ago
14

Helen Ming receives a travel allowance of $220 each from her company for time away from home. If this allowance in taxable and s

he has a 10% income tax rate, what amount will she have to pay in taxes for this employee benefit?
Initially I thought it was $22, but it says it's wrong.
Mathematics
1 answer:
m_a_m_a [10]3 years ago
8 0

Answer:

$33

Step-by-step explanation:

From the question, $22 is correct

If Helen Ming receives travel allowance of $220 from her company for time away from home

She has a 10% income tax rate

The amount she has to pay in taxes for the employee benefits is

10% of $220

10/100*$220

=0.1*$220

=$22

So you are correct

The only reason why you could be wrong is if the question is different from what you posted above just like the below 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?

Here the amount she has to pay for the employee benefits is

15% of $220

15/100*$220

=0.15*$220

=$33

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