question 6 of 15, step 1 of 1 correct dwayne is self - employed. based on last year, his projected state and…

question 6 of 15, step 1 of 1 correct dwayne is self - employed. based on last year, his projected state and federal taxes for this year will be approximately $11,400. determine how much dwayne should put aside each month in order to have enough to pay his estimated quarterly taxes. answer keypad keyboard shortcuts

question 6 of 15, step 1 of 1 correct dwayne is self - employed. based on last year, his projected state and federal taxes for this year will be approximately $11,400. determine how much dwayne should put aside each month in order to have enough to pay his estimated quarterly taxes. answer keypad keyboard shortcuts

Answer

Explanation:

Step1: Identify total tax amount

Total tax = $11400

Step2: Divide by 12 months

Monthly amount = $\frac{11400}{12}$ $11400\div12 = 950$

Answer:

$950$