Question:

Ashley made $25,000 in taxable income last year. Suppose the

Last updated: 7/14/2022

Ashley made $25,000 in taxable income last year. Suppose the

Ashley made $25,000 in taxable income last year. Suppose the income tax rate is 10% for the first $8000 plus 16% for the amount over $8000. How much must Ashley pay in income tax for last year? X 5