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Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes at the end of the year? Show your work. (5 points)

User Lucasgcb
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1 Answer

4 votes

Answer:

$1, 263. 75

Step-by-step explanation:

If annual income is $8,425 and the tax rate is 15%,

Annual Tax would be 15% of $8,425

=15/100 x $ 8425

=0.15 x 8, 425

=$1, 263.75

User BNT
by
8.6k points
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