Question

A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6% , what is the amount of income tax in dollars and cents that the doctor has to pay ?

( this is a griddable question by the way )

Answer 1

I believe the amount of income tax the doctor has to pay is $9,127.5

Answer 2

The amount of income tax is $9127.50 or 912750 cents.

Explanation:

Amount of annual income =
`\$152,125`

Rate of income tax =
`6\%`

So, the amount of income tax in dollars

`= 6\%` of
`\$152,125`

`=((6)/(100)* \$152125 )= \$9,127.50`

and in cents
`=(9127.50* 100) cents = 912750cents`