Question

0/1 points Previous Answers CraudQL3 4.5.023a. My Notes Ask Your Teach Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% fat tax, that is an income tax that would simply be 17% of each taxpayer's taxable income Suppose that Alice was single in the year 2016 with a taxable income of $30,000 Use the 2016 Tax Table for Singles to find Alice's tax under the current laws $ 1340.76 0/1 points Previous Answers CraudQL3 4.5.023c. My Notes Ask Your Teacher simply be 17% of each tax payer's taxable income. Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% at tax, S. an income tax that would Suppose that Alice was single in the year 2016 with a taxable income of $11,000. If the 17 flat tax proposed by Mr. Forbes had been in effect in 2016, what would Alice's tax have been? $ 4186.25 X

Answer 1

Page No Anescoor Question) in the year 2016, Faxable income = $30,000 from tax table for singles, The given faxable income $30,000 is over $9046 Ę but not over $37650 2. - 157 Tax g the excess over amount'e $9045 Alice's taxe = 924.60 + 15 . * [30,000 – 9275) = 927.50 + (154 x 20425) E 907.50 + 3108.75 - 4036.25 :: Alice's tax = $4036-25 Question de Taxable income = $31000 flat tax = 17%.

- Page No ③ Alice's fax = 144. of farable income 11. x 31,000 = 5270 : Alice's fax = $5970