Question

School taxes for a local district are 2.5% of a household's income. The Smith household earns $80,000 per year. How much do the Smiths pay in school taxes per year?

Answer 1

First, you will need to put 2.5% as a decimal which is 0.025. Then, you will multiply 0.025 by $80,000 and get $2,000. Therefore, the Smiths pay $2,000 in school taxes per year.