Question

Kaitlin made $15,000 in taxable income last year. Suppose the income tax rate is 15% for the first $8000 plus 18% for the amount over $8000 . How much must Kaitlin pay in income tax for last year?

Answer 1

Answer: $2460

Explanation:

Based on the information given in the question, the amount of income tax that Kaitlin will pay for last year would be:

= ($8000 × 15%) + ($15000 - $8000 × 18%)

= ($8000 × 15%) + ($7000 × 18%)

= $1200 + $1260.

= $2460