gudonlove gudonlove
  • 03-02-2020
  • Social Studies
contestada


Felix has a gross income of $18,000. What is his total tax due?


Someone please help me with this



Respuesta :

ruger22pc
ruger22pc ruger22pc
  • 22-03-2021

Answer:

6600

Explanation:

Answer Link
Cricetus
Cricetus Cricetus
  • 07-10-2021

Felix's total tax due is "$560".

According to the question,

Gross income,

  • $18,000

Standard deduction,

  • $12,400

Now,

The taxable income will be:

= [tex]Gross \ income -Standard \ deduction[/tex]

= [tex]18000-12400[/tex]

= [tex]5,600[/tex] ($)

hence,

The tax due will be:

= [tex]5600\times 10 \ percent[/tex]

= [tex]5600\times 0.1[/tex]

= [tex]560[/tex] ($)

Thus the above approach is right.

Learn more:

https://brainly.com/question/23474541

Answer Link

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