Question

A small business spent 23,000 for taxable items last year. The tax rate was 9.5%. How much did the small business pay in taxes last year?

Answer 1

Answer:

A tax rate of 9.5% means $9.5 in taxes for every $100 of the taxable amount,

or $95 in taxes for every $1000 of the taxable amount.

If the taxable amount is $23,000

then the taxes will be 23×$95=$2185