Question

Teachers average annual income is 50,000 a year. at this tax bracket, income tax is 15%. what amount will be paid in taxes?

Answer 1

$7,500

Explanation:

50,000 / 12 = 4,166.67

4,166.67 * 0.15 = 625

625 * 12= 7,500

Answer 2

Roughly 7,500.

Explanation:

15% of 50,000 is 7,500. That would make their salary about 42,500 after income taxes.