Answer: $15417.8
Step-by-step explanation:
Last year, Randy earned $64,241.00 of taxable income.
The federal income tax rate was 24%.
Amount earned= $64241
Taxable income rate = 24%
Amount paid as taxable income will be equal to the taxable income rate multiplied by the amount earned. This will give:
24% of $64241
= 24/100 × 64241
= 0.24 × 64241
= $15417.8
The amount paid as federal tax is $15417.8
Answer:
The amount paid as federal income tax is $15417.8
Step-by-step explanation:
Randy earned $64,241.00 of taxable income last year
The federal income tax rate was 24%.
Amount earned is $64241
Taxable income rate was 24%
The amount paid for federal income tax will be equal to the taxable income rate multiplied by the total amount earned.
= [tex]\frac{24}{100} \times 64,241[/tex]
= [tex]0.24 \times 64,241[/tex]
= $15417.8
Hence, the amount paid as federal income tax is $15417.8
