If she had to pay 15% of her taxable income in federal income tax, what was her total tax payment?
Mallory's total income last year was $24,000, but she could deduct $12,000 for various reasons. If she had to pay 15% of her taxable income in federal income tax, what was her total tax payment?
Public Comments
- 24000-12000=12000 12000 X .15=1800 IN TAXES
- First, subtract the deduction: $24 000 - $12 000 = $12 000 Then, find 15% of the amount: 15/100 x $12 000 = $1 800
