Algebra word problem

Question

Javon is in a 21% tax bracket for his federal income tax If the amount of money that he paid for federal income tax was $15,960, what was his taxable income?

Answer 1

Hello Terry, thank you for posting your question!

To solve this one you can use the formula

Taxable Income = Federal Income Tax Paid / Tax Rate

Plugging in the values that were given to us in the question that becomes

Taxable Income = $15,960 / 0.21 = $76,000