Question

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A teacher has an annual income of $64,502. The income tax the teacher has to pay is 6%.

What is the amount of income tax in dollars and cents that the teacher has to pay

Answer 1

$3,870.12

Explanation:

To find the amount of income tax the teacher has to pay, find 6% of $64,502.

`\begin{aligned}\implies \rm 6\%\;of\;64502&=(6)/(100) * 64502\\\\&=(6* 64502)/(100) \\\\&=(387012)/(100) \\\\&=3870.12\end{aligned}`

Therefore, the amount of income tax in dollars and cents that the teacher has to pay is $3,870.12.