Question

An electrical engineer has an annual income of $143,482 and will pay a 6% income tax rate. What is the amount of income tax in dollars and cents that the engineer will have to pay?

Answer 1

$8608.92

Explanation:

Given data

Annual income= $143,482

Rate= 6%

We want to find 6% of $143,482

=6/100*143482

=0.06*143482

=$8608.92

Hence the income tax is

$8608.92