Mallory's total income last year was $24,000, but she could deduct $12,000 for various reasons. Her taxable income equals the amount left over after deductions. If she had to pay 15 percent of her taxable income in federal income tax, which you can calculate by multiplying her taxable income by 0.15, what was her total tax payment?
3 answers
I'll be glad to check your answer.
How am I supposed to answer this if I don't know how to? That's why I posted it
(24,000-12,000) =12,000
12,000 *.15
= 1,800 for her total tax payment
12,000 *.15
= 1,800 for her total tax payment
2 answers