ATAR Notes: Forum

VCE Stuff => VCE Mathematics => VCE Mathematics/Science/Technology => VCE Subjects + Help => VCE General & Further Mathematics => Topic started by: Kaille on January 31, 2012, 07:39:38 pm

Title: help!
Post by: Kaille on January 31, 2012, 07:39:38 pm

Hi guys :)

i can't get the answer in the book :(

I'm using the essentials fourth edition text book.

Q. Ben is paid a salary of $37950 per year. How much does he pay each yea in income tax, correct to the nearest dollar?

I get 7557, but the answer is 5385.

tax rates table

tax bracket                        tax payable (%)
0-6000                                   0
6001-21600                           17
21601-70000                          30

Title: Re: help!
Post by: Hodgeyhodgey on January 31, 2012, 07:53:20 pm

(21600 - 6001) x .17 = 2651.83
(37950 - 21601) x .3 = 4904.70

2651.83 + 4904.7 = 7556.53 = $7557

I'm making an idiot out of myself if I'm getting this wrong but maybe the textbook is incorrect?

Title: Re: help!
Post by: aabattery on January 31, 2012, 08:07:56 pm

That's the correct answer... (it should be)

The book can be wrong sometimes...  :-\

Title: Re: help!
Post by: Kaille on January 31, 2012, 08:44:11 pm

great :) thanks guys!