Question 602408: Please help me solve this word problem I don't know weather to divide $11,450 into $57,250 or multiply it.Harry pays federal income taxes of $11,450 on an income of $57,250.In the same tax bracket, what would be the tax on an income of $48,000?
Answer by ewatrrr(24785)   (Show Source):
You can put this solution on YOUR website!
Hi,
tax bracket for paying federal income taxes of $11,450 on an income of $57,250.
$11,450 / $57,250 = .20 or a 20% tax bracket
In the same tax bracket, what would be the tax on an income of $48,000?
.20*$48,000 = $9,600
|
|
|
