lilguppie4442 lilguppie4442
  • 21-06-2018
  • Business
contestada

If jack was in a 25% tax bracket and received a $1,000 tax deduction, by how much would his taxes be reduced?

Respuesta :

ahmedishaal ahmedishaal
  • 03-07-2018

The answer is that the taxes would be reduced by the following procedure;

(Tax deduction) * (Tax rate) = Your Answer

Applying this formula;

$1000 x 25%  = (?)

$1000 x 25/100 = $250  

So the answer is that his taxes would be reduced by “$250”.  

Hope that is helpful :)
Answer Link

Otras preguntas

A crate with a mass of 100 kg sits on a flat horizontal surface. If a person slides the crate with a constant velocity across the floor with a force of 325 N, w
Athens, Greece was the birthplace of a new political system called..... Democracy Socialism Communism Government
Which of the following MOST influenced the Camp Fire in Paradise, California? (A) the location of Paradise in the foothills of the Sierra the average yearly rai
In 86.52, which digit is in the tens place? Submit
Question 11 Please help
Suppose you have a career in one of the three specialties of video game design. Imagine that you've just begun working on a new video game. Write a story about
Difference between cathode and x rays​
Quickk! Chris will spend at most $21 on gifts. So far, he has spent $13. What are the possible additional amounts he will spend? Use c for the additional amoun
I need help lollllllllll
what is the electron formulas of the combinations between carbon-to-hydrogen (insert pegs in all holes to indicate unsatisfied bonds)​