What is 20% of $71,791.04?

Question

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

Answer 1

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...

Answer 2

answer = 0.20 * 71791.04 = $14,358.21

Answer 3

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

Answer 4

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

Answer 5

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.