Financial Applications of Fractions, Decimals, and Percentages — Quiz
Question 15 • Financial Math
Presley made 38 dollars comma 500 gross income last year. If her income tax rate is 22 percent , how much did Presley take home after taxes?
Answer
A
37 dollars comma 653 point 0 0
B
847 point 0 0 dollars
C
8 dollars comma 470 point 0 0
D
30 dollars comma 030 point 0 0
Explanation
Presley keeps 100% − 22% = 78% of her gross income after taxes. Calculate $38,500 × 0.78 = $30,030, so she takes home $30,030. The correct choice is C, $30,030.00.
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