question archive Income Tax Liability 1500 95 4000 570 If Each individual computes his tax bill by subtracting $1000 from income and according to numbers to the above table what is the tax rate? (3 points) 0
Income Tax Liability 1500 95 4000 570 If Each individual computes his tax bill by subtracting $1000 from income and according to numbers to the above table what is the tax rate? (3 points) 0
Subject:FinancePrice:2.86 Bought14
Income Tax Liability 1500 95 4000 570 If Each individual computes his tax bill by subtracting $1000 from income and according to numbers to the above table what is the tax rate? (3 points) 0.095 0.50 0.375 0.19 None of Above
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
D) 0.19
Explanation:
1,500 - 1000 = 500
Tax liability on 500 = 95
Tax rate = 95 / 500 = 0.19
For 4,000
4,000 - 1,000 = 3,000
Tax liability = 570
Tax rate = 570 / 3,000 = 0.19
