9514 1404 393
Answer:
$4917.50
Step-by-step explanation:
Using the method in expected for a table of this nature, the tax is ...
tax = 2% × $3000 + ...
3% × ($5000 -3000) + ...
5% × ($17000 -5000) + ...
5.75% × ($90000 -17000)
= $60 +60 +600 +4197.50
tax = $4917.50
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The attached spreadsheet simplifies each row of the table to a formula of the form ...
tax = rate × income - discount
The final value of tax is the maximum of the values on the rows of the table when they are computed this way.
