Answer:
$9,247.20
924,720 cents
Step-by-step explanation:
The computation of the amount of the income tax is shown below:
In dollars
= Annual income × rate of income tax
= $154,120 × 6%
= $9,247.20
Now in cents, it would be
= Annual income × rate of income tax × 100
= $154,120 × 6% × 100
= 924,720 cents
