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A single person pays $3,100 in income taxes on a gross income of $38,000. How much would a single person be expected to pay if his gross income is $44,000? (Assume both incomes …
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A single person pays $3,100 in income taxes on a gross income of $38,000. How much would a single person be expected to pay if his gross income is $44,000? (Assume both incomes …
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Apr 9, 2018
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A single person pays $3,100 in income taxes on a gross income of $38,000. How much would a single person be expected to pay if his gross income is $44,000? (Assume both incomes are in the same tax bracket.)
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i/44000=3100/38000
i=3100(44000)/38000
i=$3589.47 (to nearest cent)
DNitro
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Apr 14, 2018
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