Taxable income Tax on this income
$0 to $6000 -Nil
$6001 to $25 000 -15c for each $1 over $6000
$25 001 to $75 000 -$2850 plus 30c for each $1 over $25 000
$75 001 to $150 000 -$17 850 plus 40c for each $1 over $75 000
Over $150 000 -$47 850 plus 45c for each $1 over $150 000
If Amina pays $19 050 in tax for a year, her yearly income is:
a) $28 000
b) $72 000
c) $78 000
d) $147 000
e) $153 000
and can u please explain how you got the answer LOL sorry i have no idea where to get help, and im at home so cant ask my teacher
$0 to $6000 -Nil
$6001 to $25 000 -15c for each $1 over $6000
$25 001 to $75 000 -$2850 plus 30c for each $1 over $25 000
$75 001 to $150 000 -$17 850 plus 40c for each $1 over $75 000
Over $150 000 -$47 850 plus 45c for each $1 over $150 000
If Amina pays $19 050 in tax for a year, her yearly income is:
a) $28 000
b) $72 000
c) $78 000
d) $147 000
e) $153 000
and can u please explain how you got the answer LOL sorry i have no idea where to get help, and im at home so cant ask my teacher
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The answer is C
The amount of tax is $19,050 you have already got part of the answer as if she earned $75,001 or more she would pay $17,850 in tax
Over $75,000 she pays 40c in the $
19,050 - 17850 = 1200
1200 / .40 = 3000
$75,000 + $3000 = $78,000
The amount of tax is $19,050 you have already got part of the answer as if she earned $75,001 or more she would pay $17,850 in tax
Over $75,000 she pays 40c in the $
19,050 - 17850 = 1200
1200 / .40 = 3000
$75,000 + $3000 = $78,000
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Ff