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26 August, 15:56

Valerie works in a law office. Her annual salary is 24,000. Valerie is paid monthly and pays income tax of 15% on her earnings over $944 plus $76.60. How much income tax does she pay each month?

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  1. 26 August, 19:12
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    Answer: $235

    Step-by-step explanation: First you need to calculate how much her monthly salary is. Her annual salary is $24,000, so you need to divide by 12 to determine how much she is paid each month. $24,000/12 = $2,000 per month.

    She pays income tax on her earnings over $944. The amount of her earnings over that threshold is $2,000 - 944 = $1,056.

    To determine the total tax it is. 15 x 1056 + 76.60=

    $158.40 + 76.60=

    $235 = Total Income Taxes
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