Question
Ben earns $12,800 a year. About 15% is taken out for taxes. How much is taken out for taxes?
- 1903
- 1920
- 19200
- 19022
Hint:
1. When a certain quantity is divided into 100 equal parts and a certain part of it is to be expressed in terms of the whole quantity, that portion is called as a percent, represented with a % sign.
2. Amount taken out for taxes = Total Earnings * percentage taken out for taxes.
The correct answer is: 1920
Given-
Total Earnings = $12,800
Percentage taken out for taxes = 15%
To find-
Amount of taken out for taxes
Solution-
We know that-
Amount taken out for taxes = Total Earnings * percentage taken out for taxes
∴ Amount taken out for taxes = 12,800 * 15%
∴ Amount taken out for taxes = 12,800 * 15/100
∴ Amount taken out for taxes = $1,920
Final Answer- Option 'b' i.e. '1920' is the correct answer to the given question.
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