9 Sam earns $54 275 in a year.
1 answer:
Answer:
See all three answers below
Step-by-step explanation:
Given data
Amount Earned= $54275
Income Tax= 18%
a Work out how much income tax he pays.
Amount of income tax
=18/100*54275
=0.18*54275
=$9769.5
b Work out what percentage of his income he pays in tax.
=9769.5/54275*100
=0.18*100
=18%
c. If the income tax rate is increased to 21%, how much more tax will Sam pay?
=21/100*54275
=0.21*54275
=$11397.75
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