heydihernandez63
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Lisa made $15,000 in taxable income last year.
Suppose the income tax rate is 10% for the first $8500 plus 15% for the amount over $8500.
How much must Lisa pay in income tax for last year?

Lisa made 15000 in taxable income last year Suppose the income tax rate is 10 for the first 8500 plus 15 for the amount over 8500 How much must Lisa pay in inco class=

Respuesta :

aestr34
To calculate Lisa's income tax, we first determine the tax on the first $8500 of her income and then calculate the tax on the remaining amount.

1. Tax on the first $8500:
$8500 * 10% = $850

2. Tax on the amount over $8500:
($15000 - $8500) * 15% = $6500 * 15% = $975

3. Total tax:
$850 + $975 = $1825

Therefore, Lisa must pay $1825 in income tax for last year. Hoped this helped.

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