Question

B) Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how

much money would you owe in taxes at the end of the year? Show your work. (5 points)

Answer 1

Answer: $1263.75

Step-by-step explanation:

$8425 (the amount you earned) multiplied by 0.15 (the tax rate as a decimal) is equal to 1263.75.

So, you would owe $1263.75 in taxes at the end of the year.

Answer 2

$1,263.75

Explanation:

8425×0.15=1263.75