lillytanner66 lillytanner66

17-03-2021
Mathematics

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Mike pays $8,000 in property taxes, but receives a 28% tax deduction for it. What is Mike’s net expense for property taxes

Respuesta :

samuelonum1 samuelonum1

22-03-2021

Answer:

$5760

Step-by-step explanation:

Given data

Principal= $8,000

Tax= 28%

Let us compute 28% tax deduction

=28/100*8000

=0.28*8,000

=$2240

Hence the net expenses is

=8000 -2240

=$5760

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