Asked by kuol wor
Below is a graph of the Murphys’ annual expenses. If the Murphys’ gross annual household income is $85,420, how much will they pay in federal taxes?
A circle graph titled Murphy's Annual Expenses. Federal taxes, 24 percent; State/local taxes, 10 percent; Housing and household, 27 percent; Food, 7 percent; Medical care, 5 percent; Transportation, 9 percent; Recreation, 4 percent; Clothing, 5 percent; Other, 9 percent.
a.
$3,559.17
b.
$8,542.00
c.
$20,500.80
d.
$29,897.00
A circle graph titled Murphy's Annual Expenses. Federal taxes, 24 percent; State/local taxes, 10 percent; Housing and household, 27 percent; Food, 7 percent; Medical care, 5 percent; Transportation, 9 percent; Recreation, 4 percent; Clothing, 5 percent; Other, 9 percent.
a.
$3,559.17
b.
$8,542.00
c.
$20,500.80
d.
$29,897.00
Answers
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Answered by
GPT 3.5
To find the amount the Murphys will pay in federal taxes, we need to multiply their gross annual household income by the percentage allocated for federal taxes.
Federal taxes = $85,420 * 0.24 = $20,500.80
Therefore, the answer is c. $20,500.80
Federal taxes = $85,420 * 0.24 = $20,500.80
Therefore, the answer is c. $20,500.80
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