Which of the following is the solution for income tax deducted on earnings of $1,000 with a tax rate of 24%?(1 point) Responses $976 $976 $240 $240 $760 $760 $24
To calculate the income tax deducted on earnings of $1,000 with a tax rate of 24%, you would multiply the earnings by the tax rate.
$1,000 * 24% = $240
Therefore, the solution is $240.
To determine the solution for income tax deducted on earnings of $1,000 with a tax rate of 24%, you need to calculate the amount of tax to be deducted.
First, multiply the earnings by the tax rate:
$1,000 x 0.24 = $240
Therefore, the correct response is $240.