lamaster159
lamaster159 lamaster159
  • 13-05-2017
  • Mathematics
contestada

Use this tax table to find how much tax you need to pay on a taxable income of $40,000.
A. $6,423.75

B. $8,150.50

C. $12,536.25

Use this tax table to find how much tax you need to pay on a taxable income of 40000 A 642375 B 815050 C 1253625 class=

Respuesta :

lisee7 lisee7
  • 13-05-2017
A

40,000-31,850= 8,150times .25= 2,037.50

4,386.25+2,037.50= $6,423.75
Answer Link
TaeKwonDoIsDead
TaeKwonDoIsDead TaeKwonDoIsDead
  • 24-11-2018

According to table, $40,000 falls in the 3rd category (between $31,850 - $77,100).

The tax is "$4,386.25 + 25% of amount OVER 31,850"

Translating this to maths, we have:

[tex]4386.25+(0.25)(40,000-31,850)\\=4386.25+(0.25)(8150)\\=4386.25+2037.5\\=6423.75[/tex]

Choice A is correct.


ANSWER: A

Answer Link

Otras preguntas

What is the length of LJ?
Given that a line has a slope of 5 and a point on the line is (2, 3), *Please show all work, step by step. 1. What is the equation of the line in point-slope fo
In the book Of Mice and Men, what does George find in the box by his bed and what does he assume?​
Exactly how may times did fdk visit Georgia
how to write a college level research paper?​
What had to be done with America's factory production?
In Australia, the _______________ is a ceremonial head of state. Question 3 options: Executive Legislative Monarch Prime Minister
If x=2 3/4 what is the value of the expression 2x + 3
Graph each absolute value function. State the domain, range, and y-intercept.
how do you find out if a table has a negative rate of change