Question

heather made $25,000 in taxable income last year. suppose the income tax rate is 15% for the first $7000 plus 17% for the amount over $7000. How much must heather pay in income tax for last year?

Answer 1

We are given that Heather made $25000 and she must pay 15% if this amount in income tax. Let's remember how to calculate the "x%" percentage of a given quantity "n":

`\begin{gathered} x\text{ percent of n=} \\ (n)((x)/(100)) \end{gathered}`

Applying this formula we get:

`25000\cdot(15)/(100)=3750`

We are also told that she must pay additionally 17% because the amount is greater than $7000, therefore, we calculate the 17% of 25000 using the previous formula:

`25000((17)/(100))=4250`

Now we add both results to get the total amount she must pay:

`3750+4250=8000`

Therefore, Heather must pay $8000 in income tax.