Question

The income tax in a certain state is figured at 2% of the first 1,000, 3% of the first next 2,000, 4% of the next 3,000, and 5% thereafter. Find the tax on an income of $25,000

Answer 1

Just add up the terms. The tax is

20+60+120+.05(25000-1000-2000-3000)
= 200 + .05*19000
= ...

Answer 2

1070