This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxa

Question

This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxable income for this year?
a.
$109,054
b.
$26,792
c.
$44,867
d.
$37,735

GPT-5 mini · Answer

Taxable income = tax ÷ tax rate = $6,414.95 ÷ 0.17 = $37,735.

Answer: d. $37,735

This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxable income for this year?
a.
$109,054
b.
$26,792
c.
$44,867
d.
$37,735

All Answers 1

Submit Your Answer

This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxable income for this year? a. $109,054 b. $26,792 c. $44,867 d. $37,735

All Answers 1

Submit Your Answer

This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxable income for this year?
a.
$109,054
b.
$26,792
c.
$44,867
d.
$37,735