Lesson 2: Personal Taxes - Calculating Income Tax Bracket 3 Practice

   Practice Makes Perfect

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Complete the following question:


  1. Haleema is paid $125 000.00/year to manage a large department store. How much income tax does she pay?

    Hint:
    Step 1: Calculate how much of her earnings fall into the third bracket.
    Step 2: Calculate how much income tax is paid in each bracket.


Check your answers in the detailed solutions found here. Practice is important before you attempt the Chapter 1, Lesson 2 Assignment.



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