Question

5 1 point The following table shows the relationship between the federal taxes owed and the adjusted gross income. Adjusted Gross income Federal tax 16,500 2,475 19,500 2,925 24,000 3,600 Find the tax rate and calculate the amount of federal taxes owed for 31,000. Type your answer... Prbvious

Answer 1

The answer is very simple

The federal tax rate is the relation between federal tax and the adjusted grooss income

`\text{federal tax rate = }(2475)/(16500)=0.15`

and the federal tax for 31000 is

`\text{federal tax = 31000}\cdot0.15=4650`

That is the solution.