davids salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much…

davids salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much money will david pay in federal income taxes every year?\na. $60,356\nb. $19,110\nc. $18,644\nd. $22,316\nplease select the best answer from the choices provided\n○ a\n○ b\n○ c\n○ d

davids salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much money will david pay in federal income taxes every year?\na. $60,356\nb. $19,110\nc. $18,644\nd. $22,316\nplease select the best answer from the choices provided\n○ a\n○ b\n○ c\n○ d

Answer

Explanation:

Step1: Convert percentage to decimal

To convert 23.60% to a decimal, divide by 100. So $23.60%=0.236$.

Step2: Calculate tax amount

Multiply the salary by the tax - rate. The salary is $79000$, and the tax - rate is $0.236$. So the tax amount is $79000\times0.236 = 18644$.

Answer:

C. $18,644$