Question

Mr.Ronaldo earns 46,650 in annual gross income. He will pay 7% in income tax this year. What is the amount of income tax that Mr.Ronaldo will pay?

Answer 1

Hey there!

To find the amount of tax, we simply multiply 0.07 (the percentage) by his income.

0.07*46650=3265.5

Therefore, he will pay $3,265.50 in income tax.

I hope this helps!