An employee earned $56,700.00 in a year and had $8,788.50 withheld for federal income tax. What federal income tax percent was withheld? if necessary, round your answer to the nearest hundredth of a percent. (Hind: write out a verbal sentence of what you are trying to find, then turn into a mathematical equestion to solve)

Show your setup as well as answer.

Question

Mathematics

Lauren Camacho

2 February, 21:31

An employee earned $56,700.00 in a year and had $8,788.50 withheld for federal income tax. What federal income tax percent was withheld? if necessary, round your answer to the nearest hundredth of a percent. (Hind: write out a verbal sentence of what you are trying to find, then turn into a mathematical equestion to solve)

Show your setup as well as answer.

+5

Answers (1)

Know the Answer?

Kendra Hood · Answer 1

So earned 56,700 in a year and had 8,788.5 held back

convert to percent

so find what percent was withhelald which is (amount held back) / (total taken from)

so it would be 8,788.5/56,700=0.155/1

percent means parts out of 100 or x/100=x% so convert the bottom number ot 100 by mulitplyint the whole fraction by 1 or 100/100 so

0.155/1 times 100/100=15.5/100=15.5%

the answer is 15.5%