Question Tammy earns $40,000 gross annual salary. In Tammy's jurisdiction there is a progressive tax system with rules as follows: 1. Any amounts earned up to $x are free from income tax. 2. Any amounts earned beyond $r are taxed at 25%. Given that Tammy pays $5,400 per annum in income tax, calculate a. You can assume that a < 40,000. Give your answer in dollars to the nearest dollar. Provide your answer below:
Question Tammy earns $40,000 gross annual salary. In Tammy's jurisdiction there is a progressive tax system with rules as follows: 1. Any amounts earned up to $x are free from income tax. 2. Any amounts earned beyond $r are taxed at 25%. Given that Tammy pays $5,400 per annum in income tax, calculate a. You can assume that a < 40,000. Give your answer in dollars to the nearest dollar. Provide your answer below:
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Tammy earns $40,000 gross annual salary. In Tammy's jurisdiction there is a progressive tax system with rules as follows:
1. Any amounts earned up to $x are free from income tax.
2. Any amounts earned beyond $a are taxed at 25%.
Given that Tammy pays $5,400 per annum in income tax, calculate x. You can assume that a < 40,000. Give your answer
in dollars to the nearest dollar.
Provide your answer below:
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