Question

The currency in a certain country is called the sirktian. In this country's tax​ system, a person pays 0 sirktians on the first 27,500 sirktians earned. They then pay a flat tax of 29​% on everything over 27,500 sirktians. This information is summarized in the following tax table.
Income​ (in sirktians) Tax Rate
​0-27, 500 0%
Over 27,500 29​%


How many Sirktians in taxes are owed for an individual earning 28,600 sirktians?

Answer 1

Total income = 28,600 sirktians
Income above 27,500 sirktians = 28600 - 27500 = 1100 sirktians

Taxes on the first 27,500 sirktians = 0
Note that 29% = 0.29.
Taxes on 1100 sirktians = 1100*0.29 = 319 sirktians

Answer: 319 sirktians