Question

If Susie paid $614 in taxes on gross income of $3,038 what percent of her gross pay is being taken out in taxes

Answer 1

the percentage of her gross pay taken out in taxes is 20.21%

Explanation:

The computation of the percentage of her gross pay taken out in taxes is as follows:

Given that

Tax paid = $614

And, the gross income is $3,038

So, the percentage is

= $614 ÷ $3,038 × 100

= 20.21%

Hence, the percentage of her gross pay taken out in taxes is 20.21%