Question

Ben earns an annual income of $12,800 a year. The income tax he has to pay is 15%. What is the amount of income tax in dollars and cents that Ben has to pay?

A $1,664
B $10,880
C 12,000
D $1,920

Answer 1

Explanation:

Using I=PRT (interest= principal times rate times time) we can solve the problem

12800 times 0.15 (15%) =1920 then you multiply it by time and then you have your answer