Question

The income tax rate is reduced from 30% to 22.5%. The taxt to be paid by Jacob whose taxable income is $28,000 would reduce by
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Answer 1

Step-by-step explanation:

Tax reduced from 30% to 22.5%

Tax reduced =7.5%

7.5% of 28,000=2,100

Answer 2

Step-by-step explanation:

Given The income tax rate is reduced from 30% to 22.5%. The tax to be paid by Jacob whose taxable income is $28,000 would reduce by          

• So the income tax rate is reduced from 30% to 22.5%
• So when the income tax rate was 30%, Jacob had to pay
•                                30% of $28,000
•                                 30/100 x 28,000
•                                     = $8400    
• So when the income tax rate was 22.5%, Jacob had to pay
•                                22.5% of $28,000
•                                 22.5/100 x 28,000
•                                     = $6300
• So the taxable income will reduce by 8400 – 6300 = $2100    

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https://brainly.in/question/13961792