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Mathematics

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Shen made $25,000 in taxable income last year.
Suppose the income tax rate is 10% for the first $7000 plus 15% for the amount over $7000.
How much must Shen pay in income tax for last year?

Answer :

Drmallerygo Drmallerygo

Answer:

3400

Step-by-step explanation:

25000

- 7000 x .10= 700 calculate 10% tax

——————

=18000 x .15 =2700 calculate tax over 7000 at 15%

total tax. = 3400

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