Question

This year, you owed $6,414.95 in federal income tax. if you are taxed at a net rate of 17%, what was your taxable income for this year? a. $109,054 b. $26,792 c. $44,867 d. $37,735

Answer 1

Using proportions, it is found that your taxable income for this year is given by:

d. $37,735

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

In this problem, we have that $6,414.95 is 17% of his taxable income, hence it is given by:

T = 6414.95/0.17 = $37,735.

Which means that option D is correct.

More can be learned about proportions at https://brainly.com/question/24372153

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