What percent rate and actual amount do you pay in federal taxes if you make a gross salary of $250,000 per year. his tax bracket rate is 33% ( $46,643 plus 33% of the excess over $191,650)

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 .

= 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

Here

Part value =  $65898.5

Total value = $250,000

Putting the values in the above

Percentage = 26.36 %

Therefore the percentage rate of the federal tax be 26.36 % .

step-by-step explanation:

because 1/3 is a fraction. we can tell because there is a divisor symbol between the 1 and the 3. if we were to add 2 fractions together, we would add the numerators, which is the number on top, but not the denominators, which is the number on the bottom

1/3+1/3=2/3

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