Question

A doctor has an annual income of $152,125. The income tax the doctor has to pay is 6%. What is the amount of income tax in dollars and cents that the doctor has to pay?Record your answer and fill in the bubbles on your answer document. Be sure to use the correct place value

Answer 1

$9,127.50

9,127 dollars , 50 cents

Explanation:

Annual income of the doctor = $152,125

Tax rate = 6%

Tax amount = 6% of $152,125

= 6/100 × $152,125

= 0.06 × $152,125

= 9,127.50

Tax amount = $9,127.50

Amount of income tax the doctor pays = $9,127.50

9,127 dollars , 50 cents