Question

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

Answer 1

Answer:

the answer is he pays 2,240 in property taxes now

Answer 2

Answer: 5,760

Steps:
8,000 * .28 = 2,240 —> tax deduction
8,000 - 2240 = 5,760


Tip: Move the decimal place two spots to the left to make a percent a decimal.