Question

What is the amount of income tax in dollars and cents if a plumber makes $51,482 and has to pay a 5.5% income tax rate? $2,821.51

Answer 1

$2,821.51

Explanation:

The amount made be plumber = $51,482

rate of income tax = 5.5%

Therefore, amount of income tax in dollars and cents that would be paid by the plumber would be 5.5% of his amount made

= 5.5% of 51482

= (5.5/100)×51,482

= $2,821.51