Math Problem Statement
Over But Not Over Tax Due $0 $15,000 2.5% of taxable income $15,000 $30,000 $375 plus 6.3% of excess over $15,000 $30,000 $1,320 plus 6.4% of excess over $30,000 Use the Tax table above the answer the following question. Find the tax due on a taxable income of $23,111.
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Tax Calculation
Piecewise Functions
Percentage Calculation
Formulas
For taxable income ≤ $15,000: Tax = 2.5% of taxable income
For taxable income between $15,000 and $30,000: Tax = $375 + 6.3% of (taxable income - $15,000)
For taxable income > $30,000: Tax = $1,320 + 6.4% of (taxable income - $30,000)
Theorems
Piecewise Function Application
Suitable Grade Level
Grades 9-12
Related Recommendation
Tax Bracket Calculation for $87,206 Income
Calculate Sales Tax and Total Cost for $611.11 Purchase at 5.2% Sales Tax
Calculate Tax Due on $18,000 Gross Income with Simplified Tax Brackets
Income Tax Calculation for $12,000 Using a Marginal Tax Rate System
Federal Income Tax Calculation for an $87,300 Salary Using Progressive Tax Rates