Question
Kelly total income last year was $24,000, but she could deduct $12,000 for various reasons.
How can I calculate;
If she had to pay 15% of her taxable income in federal income tax, what was her total tax payment?
So I did 12,000 x .15 and got 1800, but I don't know if that's right can you help
How can I calculate;
If she had to pay 15% of her taxable income in federal income tax, what was her total tax payment?
So I did 12,000 x .15 and got 1800, but I don't know if that's right can you help
Answers
Henry
Please
Ms. Sue
Yes. I get the same answer.
Henry
Thanks!
Ms. Sue
You're welcome.