Question

Pls help me?!? The Punta Birds Taxi Association is a business that provides taxi services to the city of Punta Birds and surrounding communities. Last year, their gross income totaled $25,000. They are required to pay 1.75% business tax on their annual gross income. How much tax are they required to pay to the Government?

Answer 1

$437.50

Explanation:

The amount of tax is found by multiplying the tax rate by the amount being taxed.

__

0.0175 × $25,000 = $437.50

They are required to pay a business tax of $437.50.