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How much tax is due on an income of $7,500?

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How much tax is due on an income of $7,500? [#permalink]

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New post 24 Oct 2017, 01:28
00:00
A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

91% (00:38) correct 9% (01:21) wrong based on 33 sessions

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How much tax is due on an income of $7,500?

(A) $75
(B) $80
(C) $125
(D) $150
(E) $225


[Reveal] Spoiler:
Attachment:
2017-10-24_1216_001.png
2017-10-24_1216_001.png [ 56.67 KiB | Viewed 1264 times ]
[Reveal] Spoiler: OA

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Re: How much tax is due on an income of $7,500? [#permalink]

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New post 24 Oct 2017, 05:47
80+1500*3%=125$

Answer C

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Re: How much tax is due on an income of $7,500? [#permalink]

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New post 26 Oct 2017, 15:43
Bunuel wrote:
Image
How much tax is due on an income of $7,500?

(A) $75
(B) $80
(C) $125
(D) $150
(E) $225

[Reveal] Spoiler:
Attachment:
2017-10-24_1216_001.png


The tax on 7,500 dollars is 80 + 0.03(7,500 - 6,000) = 80 + 0.03(1,500) = 80 + 45 = 125 dollars.

Answer: C
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Re: How much tax is due on an income of $7,500? [#permalink]

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New post 30 Oct 2017, 19:45
C, they were kind enough to give us the actually 80 +3% of 1,500.
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Re: How much tax is due on an income of $7,500?   [#permalink] 30 Oct 2017, 19:45
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How much tax is due on an income of $7,500?

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