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foxy2092 foxy2092
  • 03-11-2016
  • Mathematics
Answered

Tax rates are 10% on the first 10,000 you earn and 20% on amounts over that. You earn 15,000. What is your tax?

Verified Answer :

kaitlincampbell
kaitlincampbell kaitlincampbell
  • 03-11-2016

this problem can be divided into two parts Part 1 - income up to $10,000 times 10% = $1,000 Part 2 - income over $10,000 = $15,000 - 10,000 = $5,000then, $5,000 times 20% = $1,000 Finally, $1,000 + 1,000 = $2,000

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weirdpeep2003 weirdpeep2003
  • 14-02-2021

Answer:

2000

Step-by-step explanation:

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