Question

Renatta versan pays a city income tax of 3.1% on her taxable income her taxable income last year was $58,190 what city income tax did she pay

Answer 1

She had to pay $1,809.89

Explanation:

First lets identify what we need!

We need:

The Income Tax (3.1%)

Taxable Income ($58,190)

Now to get onto solving.

First turn the percentage into a decimal:

3.1%=0.031 (to turn percentage to decimal, take the decimal two places to the left)

Second, multiply!:

0.031 * $58,190 = $1,803.89

There you go!