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The tax on a luxury item in Kansas is computed based upon 2% of the first $1,000, 4% of the next $2,000, and 5% thereafter. What would the tax be on a luxury item valued at $30,000?
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The tax on a luxury item in Kansas is computed based upon 2% of the

first $1,000, 4% of the next $2,000, and 5% thereafter. What would the tax
be on a luxury item valued at $30,000?

User Josh Rumbut
by
7.4k points

1 Answer

5 votes
Total tax
1,000×0.02+2,000×0.04
+27,000×0.05=1,450
User Oluremi
by
7.5k points
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