Question

A small business spent $23,000 for taxable items last year. The tax rate was 9.5%. How much did the small business pay in taxes last year?

Answer 1

$2,185

Explanation:

Answer 2

$2,185

Explanation:

If the business paid out $23000 for items. They would pay 9.5% on the total in addition to the 23,000. We find the amount by converting 9.5% to 0.095 and multiplying.

0.095(23000)= $2,185