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steposvetlana [31]
3 years ago
8

Guy is self employed. In one year, Guy generates a gross income of $44,500. When calculating his taxes, Guy is allowed to deduct

$2,500 in expenses from his gross income (the result is his 'operating income'). Guy must then pay 10% tax on all operating income up to $20,000 and then 20% on any operating income over $20,000. Calculate the amount of tax that Guy must pay. Give your answer in dollars to the nearest dollar. Do not include commas or the dollar symbol in your answer.
Mathematics
1 answer:
8090 [49]3 years ago
6 0

Answer:

20000÷20= the amount you need for the income price is 16000

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