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Chang made $15,000 in taxable income last year Suppose the income tax rate is 15% for the first $7500 plus 19% for the amount over $7500. How much must Chang pay in Income tax f…

Chang made $15,000 in taxable income last year Suppose the income tax rate is 15% for the first $7500 plus 19% for the amount over $7500. How much must Chang pay in Income tax f…
asked 74.6k views
4 votes
Chang made $15,000 in taxable income last year

Suppose the income tax rate is 15% for the first $7500 plus 19% for the amount over $7500.
How much must Chang pay in Income tax for last year?

asked
User Shaquille
by
8.5k points

1 Answer

6 votes

Answer:

2,550.00

Explanation:

7500 x 15= 1,125

7500 x 19%=1,425

total tax=2,550

answered
User Ali Emili
by
7.8k points
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