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Charra [1.4K]
3 years ago
12

A person earns $25000 per month and pays 9000 income tax per year. The government increased income tax by 0.5% per month and his

monthly earning was increased $11000. How much more income tax will he pay per month.
Mathematics
1 answer:
Tamiku [17]3 years ago
4 0

Answer:

The person will pay $ 510 more as income tax per month .

Step-by-step explanation:

Given as :

The monthly income of person = $ 25000

The amount paid as income tax per year =$ 9000

So,The amount paid as income tax per month =$ \frac{9000}{12} = $750

Or, x% is the income tax of the monthly income

I.e x % of 25000 = 750

∴ x % = \frac{750}{25000}

Or, x =  \frac{750}{25000} × 100

I.e x = 3 %

Now, since the income tax is increase by 0.5 % per month

So, x' = 3 % + 0.5 % = 3.5 %

And The monthly income increase by $ 11000

I.e New monthly income = $ 25000 + $ 11000 = $ 36000

Now, The income tax which the person pay now is 3.5 % of $ 36000

i.e The income tax which the person pay now = 0.035×36000 = 1260 per month

so, The income tax which the person pay now as per year = 1260 × 12 =        $ 15,120

∴ The increase income tax per month = $ 1260 - $ 750 = $ 510

Hence The person will pay $ 510 more as income tax per month . Answer

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