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30 votes
I need help with the 1st question please

I need help with the 1st question please-example-1
User Umeboshi
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1 Answer

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11 votes

When it come to figuring taxes what you have to do is multiply the amount by what percent the tax is then you add or subtract from the amount. If you don't know how to convert a percentage to a decimal divide the percentage by 100. Always remember to round to the nearest hundredths when dealing with money.

SS: $125 x 0.062 = $7.75 Med: $125 x 0.0145 = $1.81

SS: $432 x 0.062 = $26.78 Med: $432 x 0.0145 = $6.26

SS: $241 x 0.062 = $14.94 Med: $241 x 0.0145 = $3.49

SS: $1,562 x 0.062 = $96.84 Med: $1,562 x 0.0145 = $22.65

User The Wizard
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