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nika2105 [10]
2 years ago
15

Tim Tradesman had a taxable income of $82,500. He figured his tax from the table.

Mathematics
1 answer:
kakasveta [241]2 years ago
8 0
<span>His earned income level are as follows.
 
The base amount is $14,138.50

</span><span><span>The amount over $62,450 = $82,500 - $62,450 =$20,050

The amount of tax on the third $20,050 is given by 31% of $20,050 = 0.31 x $20,050 = $6,215.5</span>
(i.e. Multiply line 3 by 31% = $6,215.5)

Total tax = $ 14,138.50 + $6,215.50 = $20,354
(i.e. Add lines 2 and 4 = $</span>20,354)
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