Question

David's salary totals $79,000 per year. He can expect to pay federal income tax at a rate of 23.60%. How much money will David pay in federal income taxes every year? a. $60,356 b. $19,110 c. $18,644 d. $22,316

Answer 1

Answer:

c. $18,644

Step-by-step explanation:

We have been given that David's salary totals $79,000 per year. He can expect to pay federal income tax at a rate of 23.60%.  We are asked to find the money that David will pay in federal income taxes every year.

To find the money that David will pay in federal income taxes every year, we will calculate 23.60% of $79,000.

$\text{Amount paid in federal income taxes every year}=\ 79,000\times \frac{23.60}{100}$

$\text{Amount paid in federal income taxes every year}=\ 790\times 23.60$

$\text{Amount paid in federal income taxes every year}=\ 18,644$

Therefore, David will pay an amount of $18,644 in federal income taxes every year and option 'c' is the correct choice.

Answer 2

Answer:

c.

Step-by-step explanation: