Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

graph, approximately what percent of his total annual income is ralph h…

Question

graph, approximately what percent of his total annual income is ralph having withheld for taxes?
ralphs annual budget
other, $1,750
clothing, $3,260
recreation, $3,500
transportation, $4,332
federal taxes, $18,380
medical care, $6,652
food, $4,880
housing and household, $15,000
state taxes, $3,448

Explanation:

Step1: Calculate total income

Sum all budget amounts: \(18380 + 3448 + 15000 + 4880 + 6652 + 4332 + 3500 + 3260 + 1750\)
\(= 18380+3448 = 21828\); \(21828+15000 = 36828\); \(36828+4880 = 41708\); \(41708+6652 = 48360\); \(48360+4332 = 52692\); \(52692+3500 = 56192\); \(56192+3260 = 59452\); \(59452+1750 = 61202\)

Step2: Calculate total tax (federal + state)

\(18380 + 3448 = 21828\)

Step3: Calculate tax percentage

\(\frac{21828}{61202} \approx 0.3567\), so approximately \(35.7\%\) (or rounded to reasonable percent like 36% or 35%).

Answer:

Approximately \(36\%\) (or \(35\%-37\%\) range, exact calculation gives ~35.7%)