Austin earns $18,000 per year. His earnings put him in the 15% tax rate. What is his tax owed?

Solution:

Earning of Austin = $18,000 per year

Tax rate = 15% = 15/100 = 3/20

The tax owed by Austin can be found by multiplying the earning and tax rate

Tax owed by Austin = 18,000 × 3/20

So we get

Tax owed by Austin = 2700

Therefore, the tax owed by Austin is $2700.

Austin earns $18,000 per year. His earnings put him in the 15% tax rate. What is his tax owed?

Summary:

Austin earns $18,000 per year. His earnings put him in the 15% tax rate. The tax owed by him is $2700.