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Economics - Financial Markets 15 Online
OpenStudy (anonymous):

A psychologist had 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? A. 11050 B. 3840 C. 835 D. 6375

OpenStudy (anonymous):

.1*8350 + .15*(33950-8350) + .25*(59450-33950) = 11050

OpenStudy (anonymous):

@nphuongsun93 Thank you. I think it may have been the right answer. The program wont let me check however but thank you

OpenStudy (anonymous):

Np~

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