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You earn $30,000 per year and the federal tax rate is 10 percent. What is your net income? A. $3,000 B. $17,000 C. $27,000 D. $30,000

2 Answers

7 votes

Answer:

27k

Explanation:

User Axel Amthor
by
8.0k points
7 votes

Answer:

The net income be $27000 .

Option (C) is correct.

Explanation:

As given

You earn $30,000 per year and the federal tax rate is 10 percent.

10% is written in the decimal form.


= (10)/(100)

= 0.10

Federal tax price = 0.10 × 30000

= $ 3000

Thus

Net income = Net earning - Federal tax

= $30000 - $3000

=$ 27000

Therefore the net income be $27000 .

Option (C) is correct.

User Roverred
by
6.1k points