Question

Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes at the end of the year? Show your work.

Answer 1

$7165.25 hope this help =]

Answer 2

$1,263.75

Step-by-step explanation:

Given information

Earning made in one year = $8,425

Income tax rate = 15%

By considering this information, the tax amount at the end of the year is

= Earning made in one year × income tax rate

= $8,425 × 15%

= $1,263.75

In order to determine the tax amount we simply multiplied the earnings with the income tax rate so that the approximate value could come.