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5 February, 05:54

John Gates made $25,000 last year and paid $2,500 in taxes. What percentage of his income did John pay in taxes?

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Answers (1)
  1. 5 February, 08:31
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    10%

    Explanation:

    The Percentage of tax that John pays on his income last year shall be calculated using the below mentioned formula

    Percentage of taxes=taxes paid by John/total income of John last year

    In the given question

    tax paid by John=$2,500

    total income of John last year=$25,000

    Percentage of taxes=2,500/25,000=10%
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