Question

PLEASE HELP!

Mrs. Harris is in the 20% income tax bracket. Last year, her taxable income was $75,400. How much did she need to pay in taxes?

A. $1,508

B. $15,080

C. $60,320

D. $73,892

Answer 1

Answer: B: 15,080

Explanation:

Alright, let's convert 20% into a decimal: 0.20

Then multiply 0.20 x 75,400 which gets you to 15080

So she needed to pay $15,080 in taxes