Question

You earn $30,000 per year and the federal tax rate is 10 percent. What is your net income? A. $3,000 B. $17,000 C. $27,000 D. $30,000

Answer 1

27k

Explanation:

Answer 2

The net income be $27000 .

Option (C) is correct.

Explanation:

As given

You earn $30,000 per year and the federal tax rate is 10 percent.

10% is written in the decimal form.

`= (10)/(100)`

= 0.10

Federal tax price = 0.10 × 30000

= $ 3000

Thus

Net income = Net earning - Federal tax

= $30000 - $3000

=$ 27000

Therefore the net income be $27000 .

Option (C) is correct.