Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
Sure, let's break it down step by step according to the chart provided:
1. Citizen A:
- Income: \[tex]$35,000 - Tax rate: 11% - Taxes paid: To find out how much taxes Citizen A paid, you can multiply the income by the tax rate. \( \text{Taxes paid by Citizen A} = 35,000 \times 0.11 = 3,850 \) So, Citizen A pays \$[/tex]3,850 in taxes.
2. Citizen B:
- Income: \[tex]$72,000 - Tax rate: 11% - Taxes paid: Similarly, to determine how much taxes Citizen B paid, multiply the income by the tax rate. \( \text{Taxes paid by Citizen B} = 72,000 \times 0.11 = 7,920 \) Thus, Citizen B pays \$[/tex]7,920 in taxes.
According to the chart, both Citizen A and Citizen B are being taxed at the same rate of 11%, and their taxes paid are \[tex]$3,850 and \$[/tex]7,920 respectively.
1. Citizen A:
- Income: \[tex]$35,000 - Tax rate: 11% - Taxes paid: To find out how much taxes Citizen A paid, you can multiply the income by the tax rate. \( \text{Taxes paid by Citizen A} = 35,000 \times 0.11 = 3,850 \) So, Citizen A pays \$[/tex]3,850 in taxes.
2. Citizen B:
- Income: \[tex]$72,000 - Tax rate: 11% - Taxes paid: Similarly, to determine how much taxes Citizen B paid, multiply the income by the tax rate. \( \text{Taxes paid by Citizen B} = 72,000 \times 0.11 = 7,920 \) Thus, Citizen B pays \$[/tex]7,920 in taxes.
According to the chart, both Citizen A and Citizen B are being taxed at the same rate of 11%, and their taxes paid are \[tex]$3,850 and \$[/tex]7,920 respectively.
We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.