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What is the income tax to be paid on an income of $30,000, given the tax rate is 15%?

Sagot :

GinnyAnswer
Sure! Let's solve this step-by-step.

1. Identify the income:
The income given in the question is [tex]$30,000. 2. Identify the tax rate: The tax rate provided is 15%. 3. Convert the tax rate to decimal form: To make the multiplication easier, convert the percentage to a decimal. This is done by dividing the percentage by 100. So, 15% becomes 0.15. 4. Calculate the income tax: To find the income tax, multiply the income by the tax rate in decimal form. \[ \text{{Income Tax}} = \text{{Income}} \times \text{{Tax Rate}} = 30{,}000 \times 0.15 \] The result of this calculation is $[/tex]4500.

Therefore, the income tax that must be paid is $4500.
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