Question

Kathy works in a law office. Her annual salary is $42000. Kathy is paid monthly and pays an income tax rate of 20% on her earnings over $1000, plus $53.50. How much income tax does Kathy pay each month?​

Answer 1

42000 divided by 12 = 3500

3500 - 1000 = 2500

2500=20100

x = 500 + 53.50

Answer: $553.50 per month in taxes.

Explanation:

Answer 2

$8,453.50

Explanation:

Annual salary = $42000

Income tax rate = 20% on her earnings over $1000 + $53.50

Income tax = 20% of $42000 + $53.50

= 20/100 × 42,000 + 53.50

= 0.2 × 42,000 + 53.50

= 8,400 + 53.50

= $8,453.50

Income tax = $8,453.50