Question

Gross Pay: 28.75

Federal Tax: 15%
If the gross pay is 28.75, would I multiply the 15 to 28.75 to find the total amount?

Answer 1

No, you would multiply by 1.15

Explanation:

A percentage goes by 'Hundreths' or .01

So 15% would be .15

We don't want to lose money along the way so we add a 1 it so it goes up for the total, like this:

28.75 * 1.15 = 33.1