Question: This might be stupid, but I got it wrong on a test, although I do not think it is wrong. If you could help me out I would appreciate it.

Illinois residents have to calculate their state income tax as 3% of their taxable income. If Mr. and Mrs. Grisham's taxable income for 2004 was $81,200, how much tax did they have to pay?

Hi Stacey,

3% of $81,200 is

 ³/₁₀₀ $81.200 = $2,436

Are you sure that you have copied the question correctly?

Penny