Question

Kim earned $19,000 last year. If the first $10,000 is taxed at 9% and income above that is taxed at 19%, how
much does Kim owe in tax?

Answer 1

Answer:

$2,610

Step-by-step explanation:

total money earned: $19,000

she was taxes 9% on the first $10,000 which is equal to:

$\frac{10,000}{100}*(9)=100*9=900$

$900 in taxes for the first $10,000

then the rest (19,000 - 10,000 = 9,000) was earned above the first 10,000, which means that is taxed 19%. Thus, 19% out of 9,000 is equal to:

$\frac{9,000}{100}*(19) =90*19=1,710$

$1,710 in taxes for the $9,000 earned after the first $10,000

She owes in taxes a total of:

$900+1,710=2,610$

$2,610