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Posts: 16,394
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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(N/A)
Question Stats:
40% (01:40) correct
60% (03:44) wrong based on 5 sessions
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In 1979, how much more total tax would a resident of New York City who had a taxable income of $36,500 pay, compared to a resident of New York City who had a taxable income of $36,000?
A. $21.50
B. $43
C. $70
D. $91.50
E. $183
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Posts: 16,394
OE
According to the tables, each additional dollar of taxable income over $25,000 was subject to a New York State tax of 14% and a New York City tax of 4.3%, for a total tax of 18.3%. Therefore, an additional $500 in taxable income would have incurred an additional tax of 0.183 × 500 = $91.50.
Answer: D
According to the tables, each additional dollar of taxable income over $25,000 was subject to a New York State tax of 14% and a New York City tax of 4.3%, for a total tax of 18.3%. Therefore, an additional $500 in taxable income would have incurred an additional tax of 0.183 × 500 = $91.50.
Answer: D
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