Question

School taxes for a local district are 2.5% of a households income. The smiths household earns $80000 per year. How much do the smiths pay in school taxes per year

Answer 1

10% of $80,000 is $8,000
5% of $80,000 is $4,000
2.5% of $80,000 is $2,000

So they pay $2,000 for school taxes

Answer 2

You have to multiply $80,000 x 2.5=200. They pay 200/year