Explanation Given Information: The tax rate is 13 3 8 % and the corporation earned the total amount of $ 457 , 800 in the last year. Formula used: Steps for computing percentage problems; Step1: Recognize the two known values and the unknown value. Step2: Pick the formula that solves the unknown value. Step3: Solve the equation by putting the known values for the letters in the formula. The portion is a part of the whole and it is determined by multiplying the rate times the base, that is; P = R × B Calculation: The value of rate is R = 13 3 8 % as rate is the term having % sign and the value of base is B = $ 457 , 800 as the base is the whole amount and here the corporation earned the total amount of $ 457 , 800 in the last year

Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

8th Edition

ISBN: 9781337125468

Author: Brechner

Publisher: Cengage

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Chapter 6.II, Problem 43RE

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To calculate: The amount of tax paid by the corporation, if the tax rate is 1338% and the corporation earned the total amount of $457,800 in the last year.

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Chapter 6.II, Problem 42RE

Chapter 6.II, Problem 44RE

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Chapter 6 Solutions

Contemporary Mathematics for Business & Consumers - With LMS CengageNOW

Ch. 6.I - Convert the following percents to decimals. a. 27%...Ch. 6.I - Convert the following decimals or whole numbers to...Ch. 6.I - Prob. 3TIE Ch. 6.I - Prob. 4TIE Ch. 6.I - Convert the following percents to decimals. 1. Ch. 6.I - Prob. 2RE Ch. 6.I - Prob. 3RE Ch. 6.I - Prob. 4RE Ch. 6.I - Prob. 5RE Ch. 6.I - Prob. 6RE

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The amount of tax paid by the corporation, if the tax rate is 13 3 8 % and the corporation earned the total amount of $ 457 , 800 in the last year.

Solution Summary: The author calculates the amount of tax paid by the corporation if the tax rate is 1338%.

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To calculate: The amount of tax paid by the corporation, if the tax rate is 1338% and the corporation earned the total amount of $457,800 in the last year.

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Chapter 6 Solutions