Question

Steve must pay 28% of his salary in federal income tax. If his salary this year is $168,000, how much is his federal income tax

Answer 1

His federal income tax is $47,040

Explanation:

In this question, we are asked to calculate the federal income tax paid by Steve if he must pay 28% of his salary and we are given the amount of his salary

To calculate this value, what we simply need to do is to calculate 28% of 168,000

Thus, mathematically we have;

28/100 * 168,000 = 28 * 1680 = $47,040