Answer:
$1,263.75
Explanation:
Given information
Earning made in one year = $8,425
Income tax rate = 15%
By considering this information, the tax amount at the end of the year is
= Earning made in one year × income tax rate
= $8,425 × 15%
= $1,263.75
In order to determine the tax amount we simply multiplied the earnings with the income tax rate so that the approximate value could come.
