Taxable Income Tax rate for this bracket 0- $30,000 10% $30,001 - $60,000 20% $60,001 - $120,000 30% More than $120,000 40% Cora is a part-time salesperson. Her taxable income is $25,000. Compute her income tax. Flora is a store manager. Her taxable income is $50,000. Compute her income tax. Laura is a computer programmer. Her taxable income is $100,000. Compute her income tax. Maura is a chemical engineer. Her taxable income is $200,000. Compute her income tax. Nora is a dentist. Her taxable income is $400,000. Compute her income tax.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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QUESTION 4. Here is a table for income tax.
Taxable Income
Tax rate for this bracket
0-$30,000
10%
$30,001 - $60,000
20%
$60,001 - $120,000
30%
More than $120,000
40%
Cora is a part-time salesperson. Her taxable income is $25,000. Compute her income tax.
Flora is a store manager. Her taxable income is $50,000. Compute her income tax.
Laura is a computer programmer. Her taxable income is $100,000. Compute her income tax.
Maura is a chemical engineer. Her taxable income is $200,000. Compute her income tax.
Nora is a dentist. Her taxable income is $400,000. Compute her income tax.
Transcribed Image Text:QUESTION 4. Here is a table for income tax. Taxable Income Tax rate for this bracket 0-$30,000 10% $30,001 - $60,000 20% $60,001 - $120,000 30% More than $120,000 40% Cora is a part-time salesperson. Her taxable income is $25,000. Compute her income tax. Flora is a store manager. Her taxable income is $50,000. Compute her income tax. Laura is a computer programmer. Her taxable income is $100,000. Compute her income tax. Maura is a chemical engineer. Her taxable income is $200,000. Compute her income tax. Nora is a dentist. Her taxable income is $400,000. Compute her income tax.
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