Divide the amount of commission made by the total sale, then multiply the decimal answer by 100 for the percent:
175 / 5212 = 0.03357
0.03357 * 100 = 3.357%
Round the answer as needed.
Answer:
Option C is correct ,14.2%
Step-by-step explanation:
In order to determine the effective tax rate of a taxpayer with taxable income of $52,000,the starting point to determine how much in taxes the taxpayer pays as shown below:
First tax bracket=$9,525*10%=$952.5
Second tax bracket=$952.50+(12%*($38700-$9,525))
=$952.50+$3501
Third tax bracket(where the taxpayer belongs)=4453.5
+(22%*($52,000-$38,700))
third tax bracket tax=4453.5+$2926
=$7379.5
Since the total tax payable of $7379.5 is now computed,
effective tax rate=tax paid/taxable income=7379.5/52000
=14.2%
an equation is shown 120÷ __ =1.20
120 / x = 1.2
120/100 = 1.2
check:
1.2* 100 = 120
