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AGummiBear55 Group Title

Kara has a taxable income of $254,129. What is his tax liability if $41,827.25 plus 33% of the amount over $171,850?

  • one year ago
  • one year ago

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  1. whpalmer4 Group Title
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    The amount over $171,850 is simply the taxable income - $171,850. Multiply that by 33% and add to the $41,827.25

    • one year ago
  2. AGummiBear55 Group Title
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    I got 98537.75, but that's not in my answer choices. My choices are: $27,152.07 $68,979.32 $83,862.57 $125,689.82 ?? :/

    • one year ago
  3. whpalmer4 Group Title
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    I got one of those answers :-) What did you get for 33% of the amount over 171,850?

    • one year ago
  4. AGummiBear55 Group Title
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    hm... lemme see real quick.

    • one year ago
  5. AGummiBear55 Group Title
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    I got 562584.82 ???

    • one year ago
  6. AGummiBear55 Group Title
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    ???

    • one year ago
  7. whpalmer4 Group Title
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    Okay, what do you get for the amount over 171,850?

    • one year ago
  8. AGummiBear55 Group Title
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    I'm so confused, what? :( Sorry.

    • one year ago
  9. whpalmer4 Group Title
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    Okay, the tax is $41,827.25 + 33% of the amount over $171,850. You could write this as \[Tax = $41,827.25 + 0.33(Income-$171,850)\] because 33% is simply 33/100 or 0.33. Income was $254,129. Punch $254,129 into your calculator and subtract $171,850 to get the amount over $171,850. Multiply that number by 0.33. Add $41,827.25. The result is your final answer.

    • one year ago
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