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I need help on this one please
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5 votes
I need help on this one please

I need help on this one please-example-1
User Li Ying
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1 Answer

5 votes

Hi

Income tax is progressive

So with 50 000 we have :

0.02*3000 + 0.03 ( 5000 -3001) + 0.05 ( 17 000-5001) + 0.0575 ( 50 000 - 17 001) = 60+ 59.97+599.95 + 1897.44 = 2617.36

tax is = 2617.36

User Contool
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