Entering the World of Work

Section 2: Filing Your Taxes

Math Practice Step-by-Step

Follow these steps to solve the Section 13.2 Math Practice problem.

Tax Liability
Figure It Out   Your tax liability is $1,625, but you only paid $1,500. By what percentage did you underpay your taxes?

Step 1  Subtract what you owed from what you paid.

Step 2  Divide the difference by the total amount you paid.

Step 3  Convert the decimal point to a percentage. Round down.