0.161 (they said explain it so)
It’s number 12!!!!! I know it already got answered
Going by the information given above, Laura is most likely going to belong to the tax bracket where the rate payable is 12%. This is because she is a single filer and her income is between $10,276 and $41,775.
<h3>What is a tax bracket?</h3>
Tax brackets are a series of income and tax layers by which people are defined based on how much they earn per annum.
The tax rates range from 10% to 37%. The rate applicable to a person or group of persons depends on
- whether or not they are single
- If married, whether they are filing jointly; and
- how much their annual income is subject to deductibles.
It is to be noted that a general answer was provided here due to insufficient details in the question.
Learn more about tax brackets at:
brainly.com/question/1615513
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You said that P = I · R · T
Divide each side by I · R : P / (I·R) = T
