The simplified fraction which shows the amount spent by thee parents in taxes as required in the task content is; 17/70.
What fraction of the parent's income is spent on taxes as described in the task content?
It follows from the task content that the combined income of the parent's is; $84,000 and $20,400 of the income is spent on taxes.
It therefore follows that the simplified fraction which represents how much spent on taxes is;
= 20,400/84,000
= 17/70.
Ultimately, the required simplified fraction is; 17/70.
Therefore, the simplified fraction which shows the amount spent by thee parents in taxes as required in the task content is; 17/70.
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