A psychologist has a taxable income of 59450 last year. If he paid 10% of his income between $0 and $8350, 15% of his income between $8350 and $33950, and 25% of his income between $33950 and $59450 in federal income tax, how much did the psychologist pay in federal income tax last year?

Question

Slick

Mathematics

22 March, 02:21

A psychologist has a taxable income of 59450 last year. If he paid 10% of his income between $0 and $8350, 15% of his income between $8350 and $33950, and 25% of his income between $33950 and $59450 in federal income tax, how much did the psychologist pay in federal income tax last year?

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Answers (1)

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Kelton Cline · Answer 1

To solve this problem you would set up the equation x/59450=25/100. You can then multiply 59450 by 25, then divide that answer, 1,486,250, by 100. The answer would be 14862.5. Another way of solving this problem would be to multiply 59450 by 0.25.