David made $40,000 in taxable income last year. Suppose the income tax rate is 10% for the first $7500 plus 16% for the amount

Question

David made $40,000 in taxable income last year.
Suppose the income tax rate is 10% for the first $7500 plus 16% for the amount over
$7500.
How much inust David pay in income tax for last year?

Kunduz · Accepted Answer

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