In 2010 Mr.Huckabee paid $500 in personal income tax.His taxable income was

A) $5,000.
B) $10,000.
C) $15,000.
D) $20,000.

Question

In 2010 Mr.Huckabee paid $500 in personal income tax.His taxable income wasA) $5,000.B) $10,000.C) $15,000.D) $20,000.

Amarjeet singh · Accepted Answer

Final Answer : A, Explanation :  We cannot determine the exact taxable income of Mr. Huckabee based solely on the amount of personal income tax he paid. However, we do know that the amount of tax paid is typically calculated as a percentage of taxable income, meaning a higher taxable income would result in a higher amount of tax paid. Since Mr. Huckabee only paid $500 in tax, it is likely that his taxable income was relatively low. Therefore, the best choice is A) $5,000, which is the lowest option provided.

In 2010 Mr.Huckabee paid $500 in personal income tax.His taxable income was

A) $5,000.
B) $10,000.
C) $15,000.
D) $20,000.

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