Question

Last year my parents had a combined income of 56,000 They paid 13,600 in federal income taxes. What simplified fraction shows how much my parents spent on their federal taxes?

Answer 1

`(17)/(70)`

Explanation:

From the information given, you know that your parents paid $13,600 in taxes from their income that was $56,000. The fraction would be:

`(13600)/(56000)`

To simplify this, first you can eliminate two zeros at the end of each number:

`(136)/(560)`

Now, you can divide both numbers by 8, which will result in:

`(17)/(70)`

According to this, the simplified fraction that shows how much your parents spent on their federal taxes is
`(17)/(70)`.