Add up the products of tax rate and applicable amount
10%×$8350 + 15%×(33950 -8350) + 25%×(52950 -33950)
= $835 + 3,840 + 4,750
= $9425
The planner paid $9,425 in taxes last year.
Answer:
Store 3
Step-by-step explanation:
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Market value = $310,000
Since market value for tax purposes is 40% of the actual market value,
Market value for tax assessment = $310,000*40% = $124,000
Tax rate per $1000 of assessed valuation = $145.10 or 14.51% of the assessed value
Hence tax to be paid by leo = $124000*14.51% = $17992.40
Penny- 3g
nickel-5g
dime- 2g
quarter-6g
half dollar- 11g