Step-by-step explanation: For example, if a 12 ounce can of corn costs 55 cents the rate is 55 cents for 12 ounces. The first term in ratio is measured in cents the second term in ounces
The answer in this question is $8,175 the solution to get the answer is; 7.5% X $31,000 = $2,325 The amount that exceeds the 7.5% threshold is $10,500 - $2,325 = $8,175
.075 times the income to figure out how much IS NOT deductible. Everything above that amount is deductible.