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

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Math Expert
Joined: 02 Sep 2009
Posts: 56307
How much tax is due on an income of \$7,500?  [#permalink]

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24 Oct 2017, 01:28
00:00

Difficulty:

5% (low)

Question Stats:

87% (00:51) correct 13% (01:25) wrong based on 106 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

Attachment:

2017-10-24_1216_001.png [ 56.67 KiB | Viewed 2859 times ]

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Manager
Joined: 05 Dec 2016
Posts: 241
Concentration: Strategy, Finance
GMAT 1: 620 Q46 V29
Re: How much tax is due on an income of \$7,500?  [#permalink]

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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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26 Oct 2017, 15:43
Bunuel wrote:

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

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

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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30 Oct 2017, 19:45
C, they were kind enough to give us the actually 80 +3% of 1,500.
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Joined: 27 Jul 2017
Posts: 50
Re: How much tax is due on an income of \$7,500?  [#permalink]

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13 Mar 2018, 08:45
Bunuel wrote:

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

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

Attachment:
2017-10-24_1216_001.png

Income \$7500 comes under the third group, and amount excess to 6000 is 1500 (7500-6000).
Tax due = 80 + 3% of 1500 = \$125. The answer is (C).
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Re: How much tax is due on an income of \$7,500?   [#permalink] 13 Mar 2018, 08:45
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# How much tax is due on an income of \$7,500?

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