Question

An accountant has an annual salary of $84,125.00. The income tax the accountant must pay is 6%. What is the amount of income tax in dollars and cents that the accountant has to pay?

Answer 1

Income tax amount: $5047.50

Explanation:

89172.5 is the total amount with income tax added.

The normal value is $84,125 so you can do this in your calculator in the future it's like this:

84,125 * .06 = 5047.5