ast year my parents had a combined income of $84,000. they paid 20,400 in federal income taxes. what simplified fraction shows h

Question

2 years ago

14

ow much my parents spent in taxes

1 answer:

marishachu [46] · Answer 1 · 2023-07-14T16:00:33+03:00

The simplified fraction that shows how much my parents spent in taxes is 17/70

<h3>How to determine the simplified fraction that shows how much my parents spent in taxes?</h3>

The given parameters are:

Total amount = $84,000

Amount paid in taxes = $20,4000

The fraction that shows how much my parents spent in taxes is represented as:

Taxes fraction = Amount paid in taxes/Total amount

Substitute the known values in the above equation

Taxes fraction = $20,400/$84,000

Divide the numerator and the denominator by $100

Taxes fraction = 204/840

Divide by 4

Taxes fraction = 51/210

Divide by 3

Taxes fraction = 17/70

Hence, the simplified fraction that shows how much my parents spent in taxes is 17/70