Taxes and Percent

Question

To avoid a tax penalty, at least 90% of a self-employed person's total annual income tax liability must be paid by April 15. What amount of income tax must be paid by April 15 by a person with an annual income tax liability of $6700?

Answer 1

For an annual income tax liability $6700

That would be

>= 90% Of $6700

0.90 times $6700 by April 15

Should give an answer

Give it a try

Answer 2

If the person must pay 90% by April 15, then we need to find what is 90% of their tax liability. This person has $6700 worth of tax liability so 0.90(6700)=6030. So this person must pay at least $6030 by April 15.

You could also set up a proportion and solve. That would look something like x/6700=90/100. Solving that would be doing the same process as the first part.

Hope this helps!