Mr. Smith and Mr. Kelly are business partners they agreed to divide the profits in the ratio of 3 to 2 the profit amount of 24,000 how much did each person receive

Mr. Smith makes 14,400, Mr. Kelly makes 9,600

Step-by-step explanation: First add the ratio together. 3+2=5.

Then divide 24,000 into five parts, 24,000/5 = 4,800.

After getting 4,800, multiply 4,800 by 3 to get Mr. Smith's portion of the money received. 4,800 x 3 = 14,000.

And you can do the same for Mr. Kelly but use 2 instead of a 3.

4,800 x 2 = 9,600

To check your work you can add the two answers together

9,600 + 14,400 = 24,000.

the first option is the answer.

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720