mikkel pays a 4 percent state income tax on his earnings. if he earns $1,867, how much state income tax can…

mikkel pays a 4 percent state income tax on his earnings. if he earns $1,867, how much state income tax can he expect to pay?\n$46.68\n$74.68\n$466.75\n$746.80

mikkel pays a 4 percent state income tax on his earnings. if he earns $1,867, how much state income tax can he expect to pay?\n$46.68\n$74.68\n$466.75\n$746.80

Answer

Explanation:

Step1: Convert percentage to decimal

4% is written as 0.04 in decimal form.

Step2: Calculate the tax amount

Multiply the earnings by the tax - rate. So, $1867\times0.04 = 74.68$.

Answer:

$74.68$ (corresponding to the second option)