To calculate the tax for an income of $7,500, we need to refer to the tax bracket it falls under:

• Income between $5,001 and $10,000: The tax is calculated as $500 + 12% of everything over $5,000.

1. Calculate the amount over $5,000: $7,500 - 5,000 = 2,500$

2. Calculate 12% of $2,500: $0.12 \times 2,500 = 300$

3. Add this to the base tax of $500: $500 + 300 = 800$

Thus, a person with an income of $7,500 would pay $800 in taxes.

Answer: $800

Would you like a detailed breakdown of this or have any questions?

Related Questions

1. How would the tax calculation change if the income were $9,000?
2. What would the tax be for an income of exactly $10,000?
3. How is the tax calculated for an income above $15,000?
4. If the income was $6,500, how much tax would be due?
5. How much would a person with a taxable income of $12,000 pay in taxes?

Tip:

When calculating taxes in brackets, always compute the base tax for the bracket and add the percentage for the portion exceeding the lower limit of that bracket.