A real estate agent received 3.5% commission for a house that sold for $275,000. How much was the agent's commission? $9,625
$96,250
$284,625
$962.50

the monthly balance will be $75,000

$3720

step-by-step explanation:

taxable income = $31000

as per the 2018-2019 us tax bracket, the tax rate is 12% for an individual whose taxable income is between $9,526 to $38,700.

so, the tax to be paid by him = 12% of 31000

= 0.12 * 31000     [12% converted to decimal as 0.12]

= $3720