A married couple earned $84,224.00 in taxable income for the previous year. If the federal income tax rate was 25%, then how much did the couple pay in federal income taxes for the previous year?
A.$20,213.76
B.$21,056.00
C.$22,740.48
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (vanessaperezxo):
Ok, what do you think is the answer?
OpenStudy (chosenmatt):
A?
OpenStudy (vanessaperezxo):
ok, lets work this out
OpenStudy (vanessaperezxo):
it says that they earned 84,224 and 25% they need to pay in income tax
OpenStudy (chosenmatt):
ok
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (vanessaperezxo):
with a calculator, because its easier. input 84,224 divided by 25%. What do you get?
OpenStudy (chosenmatt):
336896
OpenStudy (anonymous):
B
OpenStudy (chosenmatt):
@vanessaperezxo
OpenStudy (anonymous):
@chosenmatt it is B :)
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
Just divide 84.224 by 4 and you will get B :)
OpenStudy (anonymous):
fan and medal please?
OpenStudy (anonymous):
@chosenmatt
OpenStudy (vanessaperezxo):
ok no
OpenStudy (vanessaperezxo):
@IQ250 Don't give out answers. Its against the COC and your not helping when giving out answers. Thank you.
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (vanessaperezxo):
@chosenmatt are you still here?
OpenStudy (anonymous):
84.244/4 and that is your answer like i said :)
OpenStudy (vanessaperezxo):
@IQ250 yes, the answer is B, but it is against the COC to give out answers. Here in open study we want to help people understand what they are studying, not give out answers. Thank you.
OpenStudy (chosenmatt):
thanks for the answer :P
OpenStudy (vanessaperezxo):
@chosenmatt please medal, thanks.
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
@chosenmatt fan and medal?
OpenStudy (anonymous):
shut up @vanessaperezxo
OpenStudy (chosenmatt):
O.o uh....
OpenStudy (vanessaperezxo):
@IQ250 Don't be rude, it's not polite. Please go to open study's COC and read the COC. :)