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If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal taxes? Assume you have no deductions.

5000
1000
4250
2000

User Kehinde
by
8.2k points

2 Answers

5 votes
Multiply 42500 times .10, you get 4250. So the answer is 4250
User Miotsu
by
8.0k points
4 votes

Answer:

I will owe $4250 in federal taxes this year.

Step-by-step explanation:

If we want to solve this exercise, we need to calculate the 10% of $42500.

To do this, we know that exist a direct linear relationship between the money and the percentage. This means that for a greater amount of money the percentage will be higher. We can write :


(42500)/(100)=(x)/(10)

Where the denominators ''100'' and ''10'' are percentages.

Solving for x :


x=((42500).(10))/(100)=4250

x = $4250

We find that 10% of $42500 is $4250.

I will owe $4250 in federal taxes (assuming that I have no deductions).

User Gabriel Goncalves
by
7.5k points
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