subject
Mathematics, 17.01.2021 21:40 lrc15

Guy is self employed. In one year, Guy generates a gross income of $44,500. When calculating his taxes, Guy is allowed to deduct $2,500 in expenses from his gross income (the result is his 'operating income'). Guy must then pay 10% tax on all operating income up to $20,000 and then 20% on any operating income over $20,000. Calculate the amount of tax that Guy must pay. Give your answer in dollars to the nearest dollar. Do not include commas or the dollar symbol in your answer.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:30
Which of the following is the explicit rule for a geometric sequence defined a recursive formula of a -5a for which the first term is 23?
Answers: 1
question
Mathematics, 21.06.2019 21:00
Isabel graphed the following system of equations. 2x – y = 6 y = -3x + 4 she came up with the solution (2,-2). what were the 3 steps she did to get that solution? (make sure they are in the correct order)
Answers: 2
question
Mathematics, 21.06.2019 21:40
Scores on the cognitive scale of the bayley-scales of infant and toddler development range from 1 to 19, with a standard deviation of 3. calculate the margin of error in estimating the true mean cognitive scale score, with 99% confidence, if there are 12 infants and toddlers in a sample.
Answers: 3
question
Mathematics, 22.06.2019 00:30
Will mark ! (10 points also! ) if x varies inversely with y and x =6 when y= 10, find y when x=8 a. y=4.8 b. y=7.5 c. y=40/3 d. y=4/15
Answers: 1
You know the right answer?
Guy is self employed. In one year, Guy generates a gross income of $44,500. When calculating his tax...
Questions
question
Biology, 16.10.2020 07:01
question
Mathematics, 16.10.2020 07:01
question
Mathematics, 16.10.2020 07:01
Questions on the website: 13722362