Question

1. Determine the taxable income, to the nearest penny, for an individual filing jointly who pays a tax of $546.37.

2. If an individual filing jointly pays a tax of $278.36, determine the taxable income. Express your answer to the nearest cent.

3. If an individual’s taxable income is $6,300 determine the amount of tax to the nearest cent.

142.50 + 0.05 (6,300 - 5,250) = $195

I think this is how you set up this problem but do not know how to set up numbers 1 and 2 because they are under $750 and 1% taxable income.

Please explain. Thank you!