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The taxable income for this year will be $37,735. Then the correct option is D.
<h3>What is the percentage?</h3>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
More about the percentage link is given below.