i need help with number 5, it goes with the m(x) problem on the far right but i don’t know how to solve
1 answer:
You might be interested in
Answer:
C. $5,509.50
Step-by-step explanation:
The computation of the estimated total tax due in case of taxable income for $43,500 is shown below:
Since in the question the income brackets and based on the income the different tax is to be charged
For $9,525, the 10% tax is charged i.e
= $952.50
Upto $38,700, the 12% tax is charged i.e
= $3,500.88
The remaining amount left is
= $1,055.78
Now the total tax due is
= $952.50 + $3,500.88 + $1,055.78
= $5,509.16 approx i.e $5,509.50