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USE THE TAX TABLE PROVIDED BELOW FOR THE FOLLOWING PROBLEM(S) Taxable income Tax on this income 0-$18,200 Nil $18,201 $37,000 19c for each $1
USE THE TAX TABLE PROVIDED BELOW FOR THE FOLLOWING PROBLEM(S) Taxable income Tax on this income 0-$18,200 Nil $18,201 $37,000 19c for each $1 over $18,200 $37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000 $87,001-$180,000 $19,822 plus 37c for each $1 over $87,000 $180,001 and over $54,232 plus 45c for each $1 over $180,000 What is the average tax for an individual with taxable income of $85,000?
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