0,000 30,000 Total Tax $ 7,972 40,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| Status | Single | DATA TABLE | |||
| Total Tax Payments | $ 8,342 | ||||
| Taxable Income | $ 55,060.00 | 20,000 | |||
| 30,000 | |||||
| Total Tax | $ 7,972 | 40,000 | |||
| Refund Amount | |||||
| Amount Owed |
Use Goal Seek to find the Taxable Income (C5) that results in the Total Tax (C7) shown.
Answer to the nearest 0.01. Do not include any punctuation ($ or ,) in your answer!
Example of accepted answer: 12345.67
Examples of incorrect answers: $12,345.67, 12,345.67, $12345.67
| Taxable Income | Total Tax |
|---|---|
| Answer | $2,600 |
| Answer | $4,200 |
| Answer | $8,500 |
| Answer | $10,500 |
| Answer | $22,000 |
Be sure to answer to the neared 0.01.
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