A chemical engineer has an annual income of $164,000. The income tax the chemical engineer has to pay is 5%. What is the amount of income tax in dollars and cents that the chemical engineer has to pay?

$820.00

$8,200.00

$82,000.00

$820,000.00

...

1 answer

$8,200.00

The amount of income tax the chemical engineer has to pay is $164,000 x 0.05 = $8,200.00.