Question

1. a graphic designer has an annual income of $84,500. the income tax the designer must pay is 7%. what is the amount of income tax in dollars and cents that the designer must pay?

Explanation:

Step1: Convert tax rate to decimal

$7\% = 0.07$

Step2: Calculate tax amount

$\$84,500 \times 0.07$

Answer:

$\$5,915.00$