Question

Sharifah earned $61,000 last year. If the first $34,000 is taxed at 11% and income above that is taxed at 17%, how much does Sharifah owe in tax?

Answer 1

Using proportions, it is found that Sharifah owns $8,330 in taxes.

What is a proportion?

• A proportion is a fraction of total amount, and the measures are related using a rule of three.

• Hence, using proportions, a percentage x% of an amount a is given by: $\frac{x}{100} \times a$.

Taxes for the first $34,000:

• Rate of 11%, hence:

$T_1 = 0.11(34000) = 3740$

Taxes for the amount above $34,000:

• The amount taxed is $27,000, as 61000 - 34000 = 27000.

• Rate of 17%, hence:

$T_2 = 0.17(27000) = 4590$

Then, the total amount is:

$T = T_1 + T_2 = 3740 + 4590 = 8330$

Sharifah owns $8,330 in taxes.

You can learn more about proportions at brainly.com/question/24372153