Solved

Tax Time! the Tax Rate Is 23%23 \% But an Extra 3%3 \%

Question 31

Short Answer

Tax time! The tax rate is 23%23 \% but an extra 3%3 \% surtax is charged on any income over $45,000\$ 45,000 and no tax is charged on the first $7,900\$ 7,900 . How much tax is owed for an income of $46,458\$ 46,458 ?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions