Question

Sylay Deeds to file his 2016 federal income taxes He earned $12,855.00 Working na

time at the bike shop in 2016.
If the taxable income rate for the amount of income Jay earned
e lav earned in 2016 is 12%, then
how much federal income tax does Jay need to pay?
A. $1,071.25
B. $1,542.60
C. $12,867.00
D. $15,426.00

Answer 1

$1542.60

Explanation:

Sylay has to file his 2016 federal income tax for his taxable earning of $12855.00 for the year of 2016.

If the rate at which the tax is to be paid is 12%, then he has to pay tax 12% of $12855.00.

Hence, the amount of tax he has to pay is
`(12855 * 12)/(100) = 1542.60` dollars. ( Answer )