Answered

David���s salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much money will david pay in federal income taxes every year?

A$60,356
B$19,110
C$18,644
D$22,316

Verified Answer :

calipriester
C$18,644 is the correst answer. Hope this helped

Answer:

c) David pays in federal income taxes every year $18,644

Explanation:

Hi, in order to find out how much money you must pay for taxes you have to multiply your income by the tax rate that is charged. Since the problem does not provide any amounts that you could discount, we will assume that your total income is $79,000, therefore:

\(Taxes(Dollars)=Total Income*TaxRate\)

\(Taxes(Dollars)=79,000*0.2360=18,644\)

So, David would have to pay in federal income taxes every year the amount of $18,644

Best of luck

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