Question

Cira is a part time salesperson her taxable income is 25000
compute her income tax

Answer 1

Cira's income tax would amount to $2,500.

Step-by-step explanation:

To calculate Cira's income tax, we need to know the tax rates and brackets applicable to her taxable income. Tax rates can vary depending on factors such as Cira's filing status and the tax laws of her country or jurisdiction.

Assuming we are using a simplified tax system, let's consider the following tax brackets and rates for illustration purposes:

- 0% tax rate for income up to $10,000

- 10% tax rate for income between $10,001 and $30,000

- 20% tax rate for income between $30,001 and $50,000

Given Cira's taxable income of $25,000, her income falls within the range of the 10% tax bracket.

To compute her income tax, we need to find the portion of her income that falls within each tax bracket. In this case, the entire $25,000 is within the 10% tax bracket.

Therefore, Cira's income tax would be calculated as follows:

Income in 10% bracket: $25,000

Income tax in 10% bracket: $25,000 * 10% = $2,500

In this simplified scenario, Cira's income tax would be $2,500.

((However, The actual income tax calculations may vary based on the applicable tax laws, deductions, and credits in place.))

Answer 2

To compute Cira's income tax, we need the specific tax rates for different income brackets. Without that information, we cannot calculate the exact amount of income tax.

Step-by-step explanation:

To compute Cira's income tax, we need to know the tax rates for different income brackets. However, since the question does not provide this information, we cannot calculate the exact amount of income tax. But, we can explain how income tax is calculated based on tax rates.

Income tax is typically calculated using a progressive tax system, where higher incomes are taxed at higher rates. The tax rates are applied to different income brackets. For example, if Cira's taxable income falls within the 10% tax bracket, she will pay 10% of that income as tax.

To compute Cira's income tax amount accurately, we need the specific tax rates for each income bracket. Without that information, we can't determine her income tax.