3 years ago

How do you calculate the total percentage of income for taxes

1 answer:

4 0

Answer:

<h3><em>I think you are supposed to Divide taxes based off net profit to calculate the effective tax percentage.</em></h3>

Step-by-step explanation:

In the example, $35,000 divided by $100,000 equals an effective tax rate of 0.35 or 35 percent.

hope this helps! :)

(i don't know if this is 100% correct just so you know)

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