Question

Lillian earns $61,000 annually and pays 12-3/4% for state and localtaxes. How much tax does she pay annually?a. $8,231.50b. $6,970.75c. $7,821.65d. $7,777.50

Answer 1

We know that Lillian pays 12-3/4% then we need to multuply the annual income by this fraction and then divide the result by 100. Hence:

$61000\cdot12\frac{3}{4}\cdot\frac{1}{100}=7777.50$

Therefore she pays $7,777.50 of taxes and the answe is d.