Mathematics, 18.10.2019 16:10 Hfruit
Veronica is self employed. in one year, veronica generates a gross income of $65,500. when calculating her taxes, veronica is allowed to deduct up to $2,500 in expenses from her gross income (to give the 'operating income'), but if her expenses exceed $2,500 then any surplus must be deducted against her income after tax. in this calendar year, veronica's total expenses were $5,500. the tax system is such that she must pay 15% tax on any operating income up to $25,000 and then 30% on any operating income over $25,000. calculate veronica's net profit, that is, the amount she earns after all taxes and expenses. give your answer in dollars to the nearest dollar. do not include commas or the dollar symbol in your answer.
Answers: 1
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Veronica is self employed. in one year, veronica generates a gross income of $65,500. when calculati...
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