If Susie paid $827 in taxes on gross income of $1,748, what percent of her gross pay is being taken out in taxes?
Express your answer rounded correctly to the nearest tenth of a percent. Do not include units with your answer.
Well, let's do some math here. To find the percentage of Susie's gross pay that is being taken out in taxes, we divide the amount she paid in taxes ($827) by her gross income ($1,748).
So, 827/1748 = 0.4731...
To express this as a percentage, we multiply by 100:
0.4731 * 100 = 47.31%
Rounding to the nearest tenth of a percent, we get 47.3%.
So, approximately 47.3% of Susie's gross pay is being taken out in taxes.
To find the percentage of Susie's gross pay that is being taken out in taxes, we need to divide the amount of taxes paid by her gross income and multiply by 100.
Percentage of taxes = (Taxes paid / Gross income) * 100
Let's calculate it step by step:
1. Divide the taxes paid by the gross income:
Taxes paid / Gross income = $827 / $1,748
2. Convert the decimal fraction to a percent by multiplying by 100:
(Taxes paid / Gross income) * 100 = ($827 / $1,748) * 100
3. Calculate the value:
(Taxes paid / Gross income) * 100 = 0.472 * 100
4. Round the answer to the nearest tenth of a percent:
(Taxes paid / Gross income) * 100 ≈ 47.2%
Therefore, approximately 47.2% of Susie's gross pay is being taken out in taxes.
To find the percent of Susie's gross pay being taken out in taxes, we need to calculate the ratio of the taxes paid ($827) to the gross income ($1748), and then convert that ratio to a percentage.
The ratio of taxes paid to gross income is calculated as follows:
Ratio = (Taxes paid / Gross income) * 100
Substituting the given values into the equation:
Ratio = (827 / 1748) * 100
Now, we can solve for the ratio by performing the calculation:
Ratio = 0.473305 * 100
Ratio ≈ 47.3
Therefore, approximately 47.3% of Susie's gross pay is being taken out in taxes.