Mr. Marcucci received a bonus of $496 from his employer. He has to pay 33% of his bonus to taxes. How much will Mr. Marcucci pay in taxes?
Edit: 33% is not \(\frac{1}{3}\), therefore my solution is wrong. The correct answer is 0.33 x 496, which is $163.68
The following is the original solution, which is incorrect.
33% = @@MATH_TOKEN_1@@. Multiply the bonus of $496 by \(\frac{1}{3}\) to get the solution of \(\frac{496}{3}\), or 165 and \(\frac{1}{3}\)
Therefore the solution is $165.33
If he has to pay 33% of his bonus to taxes, first I would find how much money he gets AFTER taxes are taken. First do 496 x 0.67 = 332.32
Now do 496 - 332.32 and you get 163.68
He will pay 163.68 in taxes.
The answer is $163.68