Valerie works in a law office. Her annual salary is 24,000. Valerie is paid monthly and pays income tax of 15% on her earnings over $944 plus $76.60. How much income tax does she pay each month?

Question

Zaria Wood

Mathematics

12 April, 20:14

Valerie works in a law office. Her annual salary is 24,000. Valerie is paid monthly and pays income tax of 15% on her earnings over $944 plus $76.60. How much income tax does she pay each month?

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Aryana Barrera · Answer 1

Answer: $235

Step-by-step explanation: First you need to calculate how much her monthly salary is. Her annual salary is $24,000, so you need to divide by 12 to determine how much she is paid each month. $24,000/12 = $2,000 per month.

She pays income tax on her earnings over $944. The amount of her earnings over that threshold is $2,000 - 944 = $1,056.

To determine the total tax it is. 15 x 1056 + 76.60=

$158.40 + 76.60=

$235 = Total Income Taxes