A resident of Missouri has a base income, after exemptions and adjustments, of $ 24,000. The state income tax on this base income is $315 plus 6% of the excess over 9000. What tax is due?
he needs to play a fixed amount of tax $315 , and : 6% of (24000 - 9000)
total tax = [ 315 ] + [ 6% of (24000 - 9000) ]
simplify
so its..1,215?
T__T
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wait but how did you figure out what formula to set this question up D: ?
; A ; sorry im clueless when it comes to finding which formula to use.. TT__TT
very good question :)
lets look at below line from the question : The state income tax on this base income is $315 plus 6% of the excess over 9000.
it says, the tax is "315 + something " right ?
yes! i got that!
C:
sweet :3
the other something is : 6% of the excess over 9000.
wat that means is, there will not be any tax for first 9000 dollars u earn.
but, u need to pay 6% tax for anything extra u earn
oh really? wow i had no idea it meant that.. omg.. T_T
so, u need to pay 6% tax on : (24000 - 9000 )
:)
wait so when you minus the 24000 - 9000 does that represent... the excess over 9000?
yes, im just subtracting 9000 from my income, cuz i dont need to pay tax on that.
ohh i see! that makes sense!
so i just pay tax on the money AFTER subtracting 9000 from my income
so think careful when u earn more money... u need to pay tax also more ;)
so whenever you see the phrase "excess over 9000" it basically means subtract @_@
haha yup!
"excess over 9000" means : whatever extra remains above 9000
oh ok C: that makese sense~ <333 thank you so so much!
u are awesome!
since u have earned 24000, the excess over 9000 is : 24000-9000
aww.. .no, you're awesome xD
do you mind if i add you? :D as a friend here?
ive added you :))
<33 :D alright! wicked~ <3 well im going to close this question now C: Thanks once again!!
np... u wlc (:
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