A single person pays $4,800 in income taxes on a gross income of $32,000. How much would a single person be expected to pay if his gross income is $38,000?

(Assume both incomes are in the same tax bracket.)

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Mathematics

17 August, 08:57

A single person pays $4,800 in income taxes on a gross income of $32,000. How much would a single person be expected to pay if his gross income is $38,000?

(Assume both incomes are in the same tax bracket.)

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August Glass · Answer 1

Divide tax paid by amount made:

4800 / 32000 = 0.15

The tax rate is 15%

Multiply new amount earned by tax rate:

38,000 x 0.15 = 5700

They would pay $5,700

A single person pays $4,800 in income taxes on a gross income of $32,000. How much would a single person be expected to pay if his gross income is $38,000?(Assume both incomes are in the same tax bracket.)

A single person pays $4,800 in income taxes on a gross income of $32,000. How much would a single person be expected to pay if his gross income is $38,000?

(Assume both incomes are in the same tax bracket.)