Question

You earn $30,000 per year and the federal tax rate is 10 percent. What is your net income? A. $3,000 B. $17,000 C. $27,000 D. $30,000

Answer 1

Answer:

The net income be $27000 .

Option (C) is correct.

Step-by-step explanation:

As given

You earn $30,000 per year and the federal tax rate is 10 percent.

10% is written in the decimal form.

$= \frac{10}{100}$

= 0.10

Federal tax price = 0.10 × 30000

                             = $ 3000

Thus

Net income = Net earning - Federal tax

                    =  $30000 -  $3000

                    =$ 27000

Therefore the net income be $27000 .

Option (C) is correct.

Answer 2

C. $27,000

30,000x0.1=3000

30,000-3000=27,000