If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal taxes? assume you have no deductions.
5000
1000
4250
2000

I will owe $4250 in federal taxes this year.

Explanation:

If we want to solve this exercise, we need to calculate the 10% of $42500.

To do this, we know that exist a direct linear relationship between the money and the percentage. This means that for a greater amount of money the percentage will be higher. We can write :

Where the denominators ''100'' and ''10'' are percentages.

Solving for x :

x = $4250

We find that 10% of $42500 is $4250.

I will owe $4250 in federal taxes (assuming that I have no deductions).

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