Respuesta :
Answer:
The percentage rate of the federal tax be 26.36 % and the amount of the federal tax be $ 65898.5 .
Step-by-step explanation:
As given
if you make a gross salary of $250,000 per year.
Tax bracket rate is 33% .
Tax rate is $46,643 plus 33% of the excess over $191,650 .
33% is written in the decimal form .
[tex]= \frac{33}{100}[/tex]
= 0.33
Amount of gross salary over $191,650 = Gross salary - $191,650
= $250,000 - $191650
= $ 58350
Thus
33% of Amount over $191,650 = 0.33 × Amount of gross salary over $191,650 .
= 0.33 × $ 58350
= $ 19255.5
Thus
Total federal tax = $46,643 + 33% of Amount over $191,650 .
= $46,643 + $ 19255.5
= $ 65898.5
Formula
[tex]Percentage = \frac{Part\ value\times 100}{Total\ value}[/tex]
Here
Part value = $65898.5
Total value = $250,000
Putting the values in the above
[tex]Percentage = \frac{65898.5\times 100}{250000}[/tex]
Percentage = 26.36 %
Therefore the percentage rate of the federal tax be 26.36 % .
