Question

Rolex was figuring out his federal income tax. His income was $32,900, but he was able to subtract $6,400 in deductions. He paid 18% of the remaining income in tax. How much did he pay?

Answer 1

$4,770

Explanation:

Given, income was $32,900 and able to subtract $6,400. So, after deduction , it remains, $32,900 - $6,400= $26,500.

Again, he paid 18% of the remaining income tax. So he will have to pay,

$26,500 X 0.18 = $4,770.