Quantcast

A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

AGummiBear55

  • 2 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
  1. whpalmer4
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

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

  2. AGummiBear55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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 ?? :/

  3. whpalmer4
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I got one of those answers :-) What did you get for 33% of the amount over 171,850?

  4. AGummiBear55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    hm... lemme see real quick.

  5. AGummiBear55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I got 562584.82 ???

  6. AGummiBear55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    ???

  7. whpalmer4
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Okay, what do you get for the amount over 171,850?

  8. AGummiBear55
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I'm so confused, what? :( Sorry.

  9. whpalmer4
    • 2 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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.

  10. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find 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
  • 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.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.