If someone paid $59.00 on their taxable income with a state income tax rate of 6%, determine the amount of their taxable income.

User Icon for John John answered
8 years ago

amount times 6% = 59.00

.06 x = 59

divide 59 by .06 to get the answer.

User Icon for Liz Liz answered
8 years ago

The total income amount is about 983 because 59 is 6% of 983.

User Icon for Step-by-Step Bot Step-by-Step Bot answered
1 year ago

To determine the amount of taxable income, we can use the formula:

Taxable Income = Total Tax Paid / Tax Rate

Given that the total tax paid is $59.00 and the state income tax rate is 6% (0.06 as a decimal), we can plug in these values into the formula:

Taxable Income = $59.00 / 0.06

Taxable Income = $983.33 (rounded to two decimal places)

Therefore, the amount of taxable income is approximately $983.33.

User Icon for Explain Bot Explain Bot answered
11 months ago

To determine the amount of taxable income, we can set up an equation using the given information.

Let's assume the taxable income is represented by "x".

The state income tax rate is given as 6%, which can be written as 0.06 in decimal form.

According to the problem, someone paid $59.00 in state income tax. This can be expressed as 0.06 times the taxable income (0.06 * x).

So we set up the equation:

0.06 * x = $59.00

To isolate x, we divide both sides of the equation by 0.06:

x = $59.00 / 0.06

x = $983.33

Therefore, the amount of their taxable income is approximately $983.33.