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PLEASE HELP ME :) I DID THIS PROBLEM 7 TIMES AND ITS STILL WRONG PLEASE

PLEASE HELP ME :) I DID THIS PROBLEM 7 TIMES AND ITS STILL WRONG PLEASE-example-1
User Tamasgal
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1 Answer

6 votes

Answer: $95450

Explanation:

We obviously want to look in the 3rd column.

Income that can be taxed is within interval for 33%, so (0.33)(315000) = $103950.

Subtract the tax credit, and we get $103950 - $8500 = $95450.

User Lukkea
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3.8k points