Below is a graph of the murphys’ annual expenses. How much will the murphys’ pay in state/local taxes if their gross annual hous

Question

3 years ago

7

ehold income is $85,420?.

1 answer:

sergey [27] · Answer 1 · 2022-12-11T01:33:59+03:00

If the Murphy's have a gross annual household income is $85,420 then they would have to pay $8542 in taxes.

The Murphy's would have to pay 10 percent of their gross income as taxes.

To calculate their state tax, we would have to calculate 10 percent of $85,420

= 10% * $85,420

= $8542

<h3>What are taxes?</h3>

These are compulsory payments in the form of revenues that the governments gets from the income of its citizens.