Michael is an electrician who received a salary of $97540 during the 2017-2018 financial year. Michael’s total allowable deductions for work expenses totalled $2595 Use the tax table (2017-2018 tax table on the internet) calculate Michael’s tax payable.

=

$21,651.65

Step-by-step explanation:  

Michael received 97,540

Deductions is 2595  

So Michael will pay tax on the amount:

97540 - 2595 = $94,945  

According to 2017 - 2018 tax table, we need to look at the bracket in which $94,945 falls on.

The rule is:  

$87,001 - $180,000  ---  $19,822 plus 37c for each $1 over $90,000  

$19,822 already have to pay

and $0.37 for every dollar OVER 90,000  

Hence, 94,945 - 90,000 = 4945 (have to pay 0.37 per $1)  So, the amount is:

0.37 * 4945 = $1829.65  

So, total tax amount payable is:

$1829.65 + $19,822 = $21,651.65  

0.16 or 16%

step-by-step explanation:

lets take a coin for example.

if you toss it twice, it has a 1/4 chance of landing on heads both times because 1/2 * 1/2 is 1/4.

with the cards, the chance of picking dog is 0.4. having two people pick one is like picking a card twice in a row. so 0.4 * 0.4 is 0.16, or 16%

the correct answer is $7.38

step-by-step explanation: