trentcl00k trentcl00k
  • 08-02-2019
  • Mathematics
contestada

Maria has a total tax of $3072 and a gross income of $60449. What is her effective tax rate (as a percent)?

Respuesta :

eudora eudora
  • 08-02-2019

Answer:

Effective tax rate of Maria is 5.08%.

Step-by-step explanation:

Effective tax rate ETR = [tex]\frac{Total tax}{gross income}[/tex]

As a percent we can represent ETR = [tex]\frac{Total tax}{Taxable income}[/tex]×100

In this question Maria has a total tax = $3072 and gross income = $60449

By putting these values in the formula ETR = [tex]\frac{3072}{60449}[/tex]×100 = 5.08

Therefore her effective tax rate is 5.08%.


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