Question

Earning of over 150,000 are taxed at a rate of 45%. Last year, Megan earned 158,900 before tax. How much did she pay in total

Answer 1

Megan paid $71,505 in total.

Explanation:

As the information states that earnings of over 150,000 are taxed at a rate of 45%, to be able to find the amount Megan paid, you have to calculate the 45% of the amount she earned:

158,900*45%=71,505

According to this, the answer is that Megan paid $71,505 in total.