A man's taxable income is $15,200. He pays tax at a rate of 25%. How much income tax does he pay?

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Multiple Choice

A man's taxable income is $15,200. He pays tax at a rate of 25%. How much income tax does he pay?

Explanation:
To find the amount of income tax the man pays, you need to calculate 25% of his taxable income, which is $15,200. The calculation involves multiplying the taxable income by the tax rate. First, convert the tax rate from a percentage to a decimal. The rate of 25% becomes 0.25. Then, multiply this decimal by the taxable income: 0.25 × $15,200 = $3,800. This shows that the man pays $3,800 in income tax. Therefore, the amount he pays matches the calculation accurately, confirming that this is the correct amount of tax owed given his income and tax rate.

To find the amount of income tax the man pays, you need to calculate 25% of his taxable income, which is $15,200. The calculation involves multiplying the taxable income by the tax rate.

First, convert the tax rate from a percentage to a decimal. The rate of 25% becomes 0.25. Then, multiply this decimal by the taxable income:

0.25 × $15,200 = $3,800.

This shows that the man pays $3,800 in income tax. Therefore, the amount he pays matches the calculation accurately, confirming that this is the correct amount of tax owed given his income and tax rate.

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