9514 1404 393
Answer:
$3400
Step-by-step explanation:
The way these tax tables are structured, you pay 3% on the first $10,000, 5% on the next $40,000, and 5.5% on the remaining $20,000 above $50,000.
tax = 0.03·10,000 +0.05·(50,000 -10,000) +0.055·(70,000 -50000)
= 300 + 2000 +1100
= 3400 . . . dollars
The tax owed on $70,000 is $3,400.
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<em>Additional comment</em>
I like to rewrite this sort of table to a different format:
- 3% of income . . . . . . . . . . . . . . . applies for income ≤ 10,000
- (5% of income) -$200 . . . . . . . . applies for 10,000 < income ≤ 50,000
- (5.5% of income) -$450 . . . . . . .applies for 50,000 < income ≤ 100,000
For an income of $70,000, the tax computation using this form is one multiplication and one addition, rather than 3 multiplications and 4 additions as used when navigating the given table.
Answer
Step-by-step explanation:
Okay so add 276 two times, then divide that answer by 400.
Answer:
75%
Step-by-step explanation:
We know that the quarterback has completed 30 of 40 passes. This means that the ratio of completed passes to total passes is 30:40. Converting this to a fraction, we get 30/40, which can be simplified to 3/4. 3/4 as a percentage is 75%. Therefore, the final answer is 75%.
<span>83.212121 or fraction form is </span>83 7/33<span> </span>
