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Home Business & Finance Taxes What is 20% of $71,791.04
Business & Finance

What is 20% of $71,791.04

20% is what my 18 year old grandson has to pay for taxes since he is a beneficiary of a death benefit. he can either have it deducted now before he receives his money or file it next year with the irs. i suggested he just get it out the way now. we were wondering just how much is 20% would be
6 Comments


krnavin
Votes: +0

well..the answer is already given...I would like to add for the explanation on how it is calculated...



20% mean...20 per hundred..

...

.. when it is 100...then 20% of it is 20

so, when it is 1.....then 20% of it is 20/100 (being divided as it would be less)

so when t is 71,791.04....then 20% of it would be (20/100) * 71,791.04





I hope it explains to you why u have to multiply by .20...

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googie
Votes: +0

Move the decimal point one place to the left. Multiply what you see by 2 and that is the answer.. As for paying the tax immediately, you are giving up 5 months of earnings on the tax amount.

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twztd_vi...
Votes: +0

the math is simple take 71,194.04 multiplied by .20 and you get 14,358.20

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Cynthia B
Votes: +0

$14,238.21



71791.04 x .2 = $14,238.208

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Samantha
Votes: +0

14358.21... and all u have to do is find a calculator and multipy by .2

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Paul
Votes: +0

answer = 0.20 * 71791.04 = $14,358.21

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