1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aliya0001 [1]
3 years ago
9

Veronica is self employed. In one year, Veronica generates a gross income of $65,500. When calculating her taxes, Veronica is al

lowed to deduct up to $2,500 in expenses from her gross income (to give the 'operating income'), but if her expenses exceed $2,500 then any surplus must be deducted against her income after tax. In this calendar year, Veronica's total expenses were $5,500. The tax system is such that she must pay 15% tax on any operating income up to $25,000 and then 30% on any operating income over $25,000. Calculate Veronica's net profit, that is, the amount she earns after all taxes and expenses.
Mathematics
1 answer:
butalik [34]3 years ago
7 0

Answer:

$44,850

Step-by-step explanation:

Gross income is $65,500

Allowable deductions are $2,500

Operating income is $65,500-$2,500=$63,000

From the given tax structure, Veronia will pay 15% for the first $25,000 then 30% for $63,000-$25,000=$38,000

Tax will be (0.15*$25,000)+(0.3*$38,000)=$15,150

Remaining expenses will be $5,500-$2,500=$3,000

Income after tax will be $63,000-$15,150=$47,850

Net income=$47,850-$3,000=$44,850

<u>Ans=$44,850</u>

You might be interested in
Consider this function.
charle [14.2K]

Answer:

3. Since the range of the original function is limited to y> 6, the domain of the inverse function is x ≥ 6.

Step-by-step explanation:

The domain of a function is the range of its inverse, and vice versa. The only answer choice that expresses this relationship is choice 3.

__

Comment on the answer choice:

The slope of the function is undefined at x=4, so restricting the function domain to the portion with positive slope means the domain restriction of the function is x > 4. That also means the range restriction of the function is y > 6. The domain restriction of the inverse function is the same: x > 6, not x ≥ 6. The answer choice has an error.

7 0
3 years ago
Read 2 more answers
Nancy and Bill collect coins. Nancy has x coins. Bill has 3 coins fewer than two times the number of coins Nancy has. Write and
Hatshy [7]
Nancy & Bill can have 2x-5 coins
7 0
3 years ago
Misha bought 9 new baseball trading cards to add to her collection. The next day
swat32
She started with 81 baseball cards.
7 0
2 years ago
ABC has side lenths 20, 24, and 31. Do the side lenghts form a Pythagorean triple?
Brut [27]
No they don't.
Phythagorean triple is when the sum of the squares of two numbers is equal to the square of another number.

20^2 + 24^2 = 400 + 576 = 976
31^2 = 961

20^2 + 24^2 should have been equal to 31^2 but that's not the case. So, the side's length don't form a triple.

Hope it helped!
4 0
3 years ago
2. Describe how to use the conjugate to divide 2 − i by 3 + 2i, and then find the quotient.
DaniilM [7]

Answer:

\frac{4}{13}-\frac{7}{13}i

Step-by-step explanation:

\frac{2-i}{3+2i}

Multiply and divide by the conjugate.

The conjugate is the denominator with the sign of the complex number the opposite of the denominator.

\frac{2-i}{3+2i}\frac{3-2i}{3-2i}\\ =\frac{2\times (3-2i)-i\times (3-2i)}{3^2-(2i)^2}\\ =\frac{6-4i-3i+2i^2}{9+4}\\ =\frac{4-7i}{13}\\ =\frac{4}{13}-\frac{7}{13}i

Quotient = \frac{4}{13}-\frac{7}{13}i

7 0
3 years ago
Other questions:
  • Using induction, verify the inequality. (1 + x)" ? 1 + nx, for x ?-1 and ? 1
    9·1 answer
  • Carl collects coins compulsively, but he only likes quarters ($0.25) and dimes ($0.10). Carl currently has 125 coins for a total
    5·1 answer
  • NEED ASAP PLEASE
    10·3 answers
  • What is 7/8 as a decimal
    6·2 answers
  • Factor the following polynomial:<br> 5x(a - b) – 2y(a - b)
    10·1 answer
  • What is the area of the trapezoid?
    10·2 answers
  • A fair rents a thrill ride for $3000. It cost $4 to purchase a token for the ride. Write and solve an inequality to determine th
    7·1 answer
  • A flat rate shipping box is in the shape of a rectangular prism. You estimate that the volume of the box is 350 cubic inches. Yo
    14·1 answer
  • A map has a scale of 2 inches : 25 miles. Chandra uses the map to find the distance from the zoo to her house. The distance on t
    6·1 answer
  • Students on a campus of a college in California were asked "What will most likely help you to succeed in
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!