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Mathematics, 01.12.2019 01:31 skylerlorain1
Acountry is considering two income tax rates. geoffrey is comparing what his tax bill would be under each plan. under plan a, he pays 5% on the first $10,000. the next $85,000 is taxed at a rate of 10%. any money earned above $95,000 is taxed at 15%. he made $98,000 last year. which statement below is correct?
plan a tax rates
x $10,0005%$10,000 x $95,00010%x > $95,00015%
plan b tax rates
all levels of income
10%
choices:
he would pay approximately $350 more under plan b. he would pay approximately $1,925 more under plan b. he would pay approximately $5,700 more under plan a. he would pay approximately $4,900 more under plan a.
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Acountry is considering two income tax rates. geoffrey is comparing what his tax bill would be under...
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