Imagine that you earned 8425 in one year if the government enforces a 15% income tax how much money money you owe in taxes at the end of the year?

Respuesta :

Amount of income tax is 1263.75

Step-by-step explanation:

Total earning = 8425

Income tax = 15%

Amount of income tax = 15% of total earning

[tex]Amount\ of\ income\ tax= \frac{15}{100}*8425\\Amount\ of\ income\ tax=\frac{125375}{100}\\Amount\ of\ income\ tax= 1263.75[/tex]

Amount of income tax is 1263.75

Keywords: Percentage, income tax

Learn more about income taxes at:

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