Question

You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next

year. Which amount will you pay in taxes next year?

A) $1,000
B) $2.000
C) $5,000
D) $10.000

Answer 1

D. $10,000

Step-by-step explanation:

The answer is D because as you earn $50,000 every year, and for the next year the tax rate is 20%, 20% of $50,000 is $10,000. Hope it helps!