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expeople1 [14]
2 years ago
6

You earned $62,715 this year and your Income tax calculator says you owe $8,818 in taxes. But you neglected to deduct $1,000 for

your dependent Grandfather and the $5,000 you put in an IRA. This reduces your income by $6,000 to $56,715. Your new effective tax rate is 10.70%. What is the difference in your old $62,715 based tax debt and the updated tax debt with another dependent and the IRA contribution?
Mathematics
1 answer:
zepelin [54]2 years ago
6 0

Answer: 2,749.50

Step-by-step explanation:

56,715*10.70% = 6068.505

8818 - 6068.505 = 2,749.50

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Answer:

  1. addition property of equality
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Step-by-step explanation:

<u>Given</u>:

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  Step 1: c/2 -5 +5 = 7 +5

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  Step 3: c/2 = 12

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<u>Find</u>:

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<u>Solution</u>:

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  Step 2: integers are closed to addition

  Step 3: identity property of addition (adding 0 changes nothing)

  Step 4: multiplication property of equality

  Step 5: closure of real numbers to multiplication; identity property of multiplication

_____

It is hard to say what "property" you want to claim when you simplify an arithmetic expression. Above, we have used the property that the sets of integers and real numbers are closed to addition and multiplication. That is, adding or multiplying real numbers gives a real number.

In Step 5, we can rearrange 2(c/2) to c(2/2) using the commutative property of multiplication. 2/2=1, and c×1 = c. The latter is due to the identity element for multiplication: multiplying by 1 changes nothing.

Apart from the arithmetic, the other properties used are properties of equality.  Those let you perform any operation on an equation, as long as you do it to both sides of the equation. The operations we have performed in this fashion are adding 5 and multiplying by 2.

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