Question

The median annual salary for an accountant is $50,200.

If the accountant pays an 6% income tax, how much money in dollars and cents will
the accountant pay for income tax?

Answer 1

$3,012.00

Explanation:

Convert 6% into a decimal and multiply

$50,200.00 x 0.06 = $3,012.00

Answer 2

3012.00

Explanation:

Assuming the median salary is 50200, multiply this by 6%.