A certain state charges a $$ 12 \% $$ tax rate on incomes up to $$ \$ 25,000 $$ and $$ 16 \% $$ on income beyond that. If Rachel makes $$ \$ 33,000 $$ per year, how much income tax will she pay? Round your answer to the nearest cent. Provide your answer below:

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UpStudy AI · Accepted Answer

1. Calculate the tax on the first $$\$25,000$$ at a $$12\%$$ rate:
   $$
   0.12 \times 25000 = 3000
   $$
   
2. Determine the amount of income above $$\$25,000$$:
   $$
   33000 - 25000 = 8000
   $$
   
3. Calculate the tax on the additional $$\$8,000$$ at a $$16\%$$ rate:
   $$
   0.16 \times 8000 = 1280
   $$
   
4. Add the two amounts of tax to find the total income tax:
   $$
   3000 + 1280 = 4280
   $$

Thus, Rachel will pay $$\$4280.00$$ in income tax.
Rachel will pay \$4,280.00 in income tax.

A certain state charges a tax rate on incomes up to and on income beyond that. If Rachel makes
per year, how much income tax will she pay? Round your answer to the nearest cent.
Provide your answer below:

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A certain state charges a tax rate on incomes up to and on income beyond that. If Rachel makes per year, how much income tax will she pay? Round your answer to the nearest cent. Provide your answer below: