136k views
4 votes
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?

User Npr
by
8.6k points

1 Answer

3 votes

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.

User Aditya Landge
by
7.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories