A butcher has an annual income of $58,612. The income tax the butcher has to pay is 7%. What is the amount of income tax in dollar and cents the butcher has to pay?
Responses
A $3,712.66
B $4,102.84
C $3,108.53
D $4,364.79
The amount of income tax the butcher has to pay is:
$58,612 x 7% = $4,102.84
Therefore, the answer is B) $4,102.84.