Homework Help: business math

Posted by dillien on Monday, November 12, 2012 at 2:10pm.

Karl Dieter earns $24,862 per year. He is paid 24 times per year and claims 5 exemptions. If $39.99 is withheld from each paycheck, at what rate is he taxed?

business math - Henry, Wednesday, November 14, 2012 at 8:41pm
Tax Rate = 24*39.99*100%/24,862 = 3.86 %
business math - josh, Thursday, January 24, 2013 at 2:48pm
sorry henry but your wrong....

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