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04-02-2016
Mathematics

Answered

Mr. John Doe was figuring out his federal income tax. His income was $26,800, but he was able to subtract $5,500 in deductions. He paid 15% of the remaining income tax. How much did he pay?

Verified Answer :

04-02-2016

Okay so the income tax minus the deductions will come to:

26,800 - 5,500 = 21,300

So remaining tax is 21,300.

To show that he paid 15% of it, we do:

15/100 (21300) = 3,195

So he already paid $3,195 of his income tax.

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