How to do slope intercept form word form?
1 answer:
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Answer:
$7,440.
Step-by-step explanation:
We have been given the tax rates as follows:
$0-$11,000 = No tax.
$11,000-$43,000 = 20%.
$43,000-$150,000 = 40%.
Earnings over $150,000 = 45%.
Since last year Carys earned $45,600, so we will have to find the tax paid by her for 11,000-43,000 at rate of 20%, then the tax for amount over 43,000 at the rate of 40%.
Therefore, Carys paid an amount of $7,440 in tax.