This is an incomplete problem. The missing information is
Each bulleted statement describes how the amount of income tax is determined for
yearly income in different ranges.
1) Yearly incomes of $8,925 or less are taxed at a flat rate of 10%.
2) For yearly incomes from $8,926 to $36,250, the first $8,925 is taxed at 10%
and any income beyond $8,925 is taxed at 15%.
3) For yearly income greater than $36,250, the first $8,925 is taxed at 10%, the
next $27,325 is taxed at 15%, and any income beyond $36,250 is taxed at
25%
The taxable income of Mr. Vance corresponds to number 2.
⇒ 8,925 * 10% = 892.50
⇒ 35,675 - 8,925 = 26,750 * 15% = 4,012.50
Total tax = 892.50 + 4,012.50 = 4,905
Answer:
First and Second option choices
Step-by-step Explanation:
1st case:
Initial deposit (P) = 500
Annual interest rate (r) = 2.5%
Account balance after x years, y = P(1+r/100)×
y = 500(1+2.5/100)×
y = 500(1+0.025)×
y = 500(1.025)×
2nd case:
Initial deposit (P) = 400
Annual interest rate (r) = 2%
Account balance after x years, y = P(1+r/100)×
y = 400(1+2/100)×
y = 400(1+0.02)×
y = 400(1.02)×
The ratios are equivalent because you multiplied 18:4 by 2&3. And also you divided it by 2. I had the same homework!
Answer:
i think those are cord nits correct me if im wrong i might be
Step-by-step explanation:
Answer:
your answer would actually be B
Step-by-step explanation: