Computing the total tax, In following example, second line

Computing the total tax

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Reference no: EM1319661

In following example, second line of the table signifies that tax due on a salary of $2,000.00 is $225.00 plus 16% of excess salary over $1,500.00 (that is, 16% of $500.00). Compute the total tax.

Salary Range in Dollars Base Tax in Dollars Percentage of Excess

1.                    0.00-1,499.99              0.00                     15 %
2.                1,500.00-2,999.99           225.00                      16 %
3.                3,000.00-4,999.99           465.00                      18 %
4.                5,000.00-7,999.99           825.00                      20 %
5.                8,000.00-14,999.99        1425.00                     25 %

Reference no: EM1319661

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