A community for students.
Here's the question you clicked on:
 0 viewing
AGummiBear55
 3 years ago
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?
AGummiBear55
 3 years ago
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?

This Question is Closed

whpalmer4
 3 years ago
Best ResponseYou've already chosen the best response.0The amount over $171,850 is simply the taxable income  $171,850. Multiply that by 33% and add to the $41,827.25

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0I 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 ?? :/

whpalmer4
 3 years ago
Best ResponseYou've already chosen the best response.0I got one of those answers :) What did you get for 33% of the amount over 171,850?

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0hm... lemme see real quick.

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0I got 562584.82 ???

whpalmer4
 3 years ago
Best ResponseYou've already chosen the best response.0Okay, what do you get for the amount over 171,850?

AGummiBear55
 3 years ago
Best ResponseYou've already chosen the best response.0I'm so confused, what? :( Sorry.

whpalmer4
 3 years ago
Best ResponseYou've already chosen the best response.0Okay, 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.
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.