Using the 365-day method, how much is the daily tax amount calculated from the annual taxes of $5,230?

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To calculate the daily tax amount using the 365-day method based on annual taxes of $5,230, you start by dividing the total annual tax by 365, the number of days in a year.

Here’s how the calculation works:

  1. Take the total annual taxes: $5,230.

  2. Divide that amount by 365:

[

\text{Daily Tax Amount} = \frac{5,230}{365} \approx 14.32

]

Therefore, the daily tax amount calculated from an annual tax of $5,230 is approximately $14.32. This value aligns with option A, which is the correct answer. The other choices reflect different calculations or rounding, demonstrating the importance of accurate division in financial contexts.

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