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Sagot :
Definition
An income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income.
Given:
tax rate = 44%
Annual salary (taxable income) = $29958
The amount paid in tax is the tax rate times the annual salary i.e:
[tex]\text{Amount paid in tax = tax rate }\times\text{ annual salary}[/tex]Substituting the given values we have:
[tex]\begin{gathered} \text{Amount paid in tax = }\frac{44}{100}\text{ }\times29958 \\ =\text{ 13181.52} \end{gathered}[/tex]Answer: $13181.52
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