Kara has a taxable income of $254,129. What is his tax liability if $41,827.25 plus 33% of the amount over $171,850?

Question

whpalmer4 · Answer

The amount over $171,850 is simply the taxable income - $171,850.  Multiply that by 33% and add to the $41,827.25

anonymous · Answer

I got 98537.75, but that's not in my answer choices. 
My choices are: 
$27,152.07
$68,979.32
$83,862.57
$125,689.82

?? :/

whpalmer4 · Answer

I got one of those answers :-)

What did you get for 33% of the amount over 171,850?

anonymous · Answer

hm... lemme see real quick.

anonymous · Answer

I got 562584.82 ???

anonymous · Answer

???

whpalmer4 · Answer

Okay, what do you get for the amount over 171,850?

anonymous · Answer

I'm so confused, what? :( Sorry.

whpalmer4 · Answer

Okay, the tax is $41,827.25 + 33% of the amount over $171,850.  You could write this as 

$$Tax = $41,827.25 + 0.33(Income-$171,850)$$ because 33% is simply 33/100 or 0.33.  Income was $254,129.  Punch $254,129 into your calculator and subtract $171,850 to get the amount over $171,850.  Multiply that number by 0.33.  Add $41,827.25.  The result is  your final answer.