Question

2) A doctor has an annual income of $148,525. The income tax the doctor has to pay is 6%. What is the amount of income tax in dollar and cents the doctor has to pay?

A) $7.325.30
B) $7.936.20
C $8.008.25
D) $8.911.50

Answer 1

The answer is D
Explanation: If you divide 6 x 148,525 by 100, you get D.

Answer 2

D) $8911.50

Explanation:

6% of $148,525 =

= 0.06 × $148,525

= $8911.50