Question

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?
$46.68
$74.68
$466.75
$746.80

Explanation:

Step1: Convert percentage to decimal

To find the tax, we first convert 4% to a decimal. 4% is equal to $ \frac{4}{100} = 0.04 $.

Step2: Calculate tax amount

Multiply the earnings by the tax rate. So, we calculate $ 1867 \times 0.04 $.
$ 1867 \times 0.04 = 74.68 $

Answer:

$74.68$ (corresponding to the option: $74.68$)