To find the effective tax rate, you divide the total tax paid by the total income and then multiply by 100 to get a percentage.

Here's the step-by-step calculation:

1. Theresa paid $5,000 in taxes.
2. Her taxable income was $50,000.
3. Divide the amount of tax paid by the taxable income: $5,000 / $50,000 = 0.1
4. Multiply by 100 to get a percentage: 0.1 * 100 = 10%

So, Theresa's effective tax rate was 10%.

Question

To find the effective tax rate, you divide the total tax paid by the total income and then multiply by 100 to get a percentage.

Here's the step-by-step calculation:

1. Theresa paid $5,000 in taxes.
2. Her taxable income was $50,000.
3. Divide the amount of tax paid by the taxable income: $5,000 / $50,000 = 0.1
4. Multiply by 100 to get a percentage: 0.1 * 100 = 10%

So, Theresa's effective tax rate was 10%.

Knowee AI · Accepted Answer

To find the effective tax rate, you divide the total tax paid by the total income and then multiply by 100 to get a percentage.

Here's the step-by-step calculation:

1. Theresa paid $5,000 in taxes.
2. Her taxable income was $50,000.
3. Divide the amount of tax paid by the taxable income: $5,000 / $50,000 = 0.1
4. Multiply by 100 to get a percentage: 0.1 * 100 = 10%

So, Theresa's effective tax rate was 10%.

If Theresa paid $5,000 in taxes last year on taxable income of $50,000, her effective tax rate wasGroup of answer choices0.1%10%20%1000%

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If Theresa paid $5,000 in taxes last year on taxable income of$ 50,000, her effective tax rate was

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