1. So he pays tax on 37,000 - 8000 = 29,000
Then 29,000 x 0.25 = ?
2. 72,000-6,000 = 66,000 taxable
20,000 x 0.25 = ? tax paid on 20,000.
66,000-20,000 = 46,000 at 30% = ?
3 is similar.
Total tax paid = amount @ 0.25 + amount @ 0.30 = ?
Last 3 questions idk how to do,someone please help thanks!!
1)Carti earns $37000 per year.He gets a tax free allowance of $8000 and pays 25% tax on the rest.How much tax will he pay a year?
3)Nipsey gets a tax free allowance of $6000 and pays tax at 25% on the next $20000.He pays tax at a rate of 30% on the rest.If he earns $72000 per year,how much tax must she pay?
8)Jesse earns $650 per week and works 48 weeks a year.If he gets a tax free allowance of $8000, pays tax at a rate of 10% on the next $10000 and 20% on the rest,how much tax will he pay in a year?
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