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# I know the final answer need the steps to figure problem out

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I know the final answer need the steps to figure problem out please! Apr 9, 2018

#1
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Let  x  be the amount of income Joe would have to make for the 17% flat tax to equal the amount he pays in 2013.

17% of  x  =  the amount he pays in 2013

the amount he pays in 2013   =   44,603.25 + 33% of (300,000 - 183,250)

the amount he pays in 2013   =   44,603.25 + 0.33 * (300,000 - 183,250)
the amount he pays in 2013   =   83,130.75

17% of  x   =   83,130.75

0.17x   =   83,130.75

x   =   83,130.75 / 0.17

x  ≈  489004.41

Apr 9, 2018
#2
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First, figure out how much tax would Joe pay using the "tax rates" in your table:

\$44,603.25 + (\$300,000 - 183,250) x 33% =

\$44,603.25 + (\$116,750 x 0.33) =

\$44,603.25 +      \$38,527.50

=\$83,130.75 - this is the income tax that Joe would pay using your table of tax rates.

\$83,130.75 / 0.17 =\$489,004.41 - this is the income that Joe would have to make for a flat rate of 17%.

Apr 9, 2018
#3
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Okay yes I remember now I think you helped me last time.

Thanks I'll write this down step by step!

I'm preparing for my exam so I'm going over the problems I have done already.

Guest Apr 10, 2018