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 please select the best answer from the choices provided a b c d

Answer 1

The taxable income for this year will be $37,735. Then the correct option is D.

What is the percentage?

The amount of something is expressed as if it is a part of the total which is a hundred. The ratio can be expressed as a fraction of 100. The word percent means per 100. It is represented by the symbol ‘%’.

This year, you owed $6,414.95 in federal income tax.

If you are taxed at a net rate of 17%.

Then the taxable income for this year will be given by

$\rm Taxable\ income = \dfrac{6414.96}{0.17}\\\\Taxable\ income = 37735.05 \approx 37735$

More about the percentage link is given below.

brainly.com/question/8011401

Answer 2

Answer:

37,735

Step-by-step explanation: