Question

Sean earned $31,000 last year. If the first $25,000 is taxed at 9% and income above that is taxed at 15%, how much does Sean owe in tax?

Answer 1

Answer:

7,500

Step-by-step explanation:

9% of 25,000

25,000 x 0.09 = 2,250

31,000 - 25,000 = 6,000

25% of 6,000

6,000 x 0.25 = 1,500

6,000 + 1,500 = 7,500

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