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gayaneshka [121]
2 years ago
9

John Gates made $25,000 last year and paid $2,500 in taxes. What percentage of his income did John pay in taxes?

Business
1 answer:
Katen [24]2 years ago
8 0

Answer:

10%

Explanation:

The Percentage of tax that John pays on his income last year shall be calculated using the below mentioned formula

Percentage of taxes=taxes paid by John/total income of John last year

In the given question

tax paid by John=$2,500

total income of John last year=$25,000

Percentage of taxes=2,500/25,000=10%

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