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Debra made $25,000 in taxable income last year.

Suppose the income tax rate is 10% for the first $9000 plus 16% for the amount over $9000.
How much must Debra pay in income tax for last year?

User Tom Bates
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1 Answer

7 votes

Answer:

$3460

Explanation:

Ok, basically, she made $25000 last year.

Since she made over $9000, and the income tax rate for the first $9000 is 10%, we will multiply 9000 * .1 to get the partial income tax amount.

9000 * .10 = 900

Now, anything after $9000 is 16%. So 25,000 - $9,000 is $16,000. We need to multiply 16000 * .16 to get the other partial income tax amount.

16000 * .16 = 2560

Now, add the two numbers together:

2560 + 900 = 3460

She paid $3460 in income tax last year.

User Seanmcl
by
8.3k points
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