Question

26 POINTS HELP ASAP!


A banker has an annual income of $75,234. The income tax she has to pay is 7%. What is the amount of income tax the banker has to pay?
(NUMBERS ONLY NO $ SIGN NO COMMA)

Answer 1

The answer is 5,266.38

Answer 2

Word Problem:

A banker has an annual income of $75,234. The income tax she has to pay is 7%. What is the amount of income tax the banker has to pay?

Solution:

To solve the problem, we need to use the formula. P = B × R

• Percentage = Base × Rate
• P = B × R
• P = 75,234 × 7%
• P = 75,234 × 0.07
• P = 5,266.38

Answer:

• Therefore, the amount of income tax the banker has to pay is 5,266.38.