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Answered

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Imagine that you earned $14,425 in one year. If the government enforces a 1596 income
tax, how much money would you owe in taxes at the end of the year? Show your work.

Sagot :

Parrain

Answer: $‭2,302.23‬

Explanation:

Assuming the tax rate is 15.96%.

Tax is paid to the government to enable it take care of the nation's public needs.

Money owed in taxes = Annual earnings * Income tax rate

= 14,425 * 15.96%

= $‭2,302.23‬

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