9514 1404 393
Answer:
$3400
Step-by-step explanation:
The way these tax tables are structured, you pay 3% on the first $10,000, 5% on the next $40,000, and 5.5% on the remaining $20,000 above $50,000.
tax = 0.03·10,000 +0.05·(50,000 -10,000) +0.055·(70,000 -50000)
= 300 + 2000 +1100
= 3400 . . . dollars
The tax owed on $70,000 is $3,400.
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<em>Additional comment</em>
I like to rewrite this sort of table to a different format:
- 3% of income . . . . . . . . . . . . . . . applies for income ≤ 10,000
- (5% of income) -$200 . . . . . . . . applies for 10,000 < income ≤ 50,000
- (5.5% of income) -$450 . . . . . . .applies for 50,000 < income ≤ 100,000
For an income of $70,000, the tax computation using this form is one multiplication and one addition, rather than 3 multiplications and 4 additions as used when navigating the given table.
Answer:
I am not share what the question is, can you please rephrase the question.
Step-by-step explanation:
=================================
the first term : 50
crosses point : (0, 50), (1, 90)
solve for y,
<h3>Thus D is correct option.</h3>
Graph:
Answer:
12.5 %
Step-by-step explanation:
2 + 5 + 6 + 3 = 16
2 (1/16) = 12.5 %
