A few days ago
Anyone good at math?
Mr. J. Doe has a taxable income of $9000. If the income tax rate is 16% on the first $4000 of income, 19% on the next $4000, and 22% on the next $1000, how much is Mr. Does tax?
thanks… this is really confusing
Top 2 Answers
A few days ago
Favorite Answer
1620
640 for the first 4000
760 for the next 4000
220 for the last 1000
0
A few days ago
16% of 4000 = 640
19% or 4000 = 760
22% of 1000 = 220
TOTAL = $1620
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