Madeleine earned $36,000 last
year. If the first $16,000 is taxed at 12% and income above that is taxed at 20%, how much does Madeleine owe in tax?

Question

07-02-2021
Mathematics

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Madeleine earned $36,000 last
year. If the first $16,000 is taxed at 12% and income above that is taxed at 20%, how much does Madeleine owe in tax?

Sagot :

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Rad27idn Rad27idn · Answer 1 · 2021-02-07T17:33:04-05:00

Rad27idn Rad27idn

07-02-2021

Owed 5920 in taxes

0.12*16000+0.2*20000=5920

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Sagot :

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