This content is for BCTS Monthly Subscription, BCTS Quarterly Subscription, BCTS Annual Subscription and BCTS TUTORING (Math & Essay) members only.
Log In <a href="http://bcatestprep celebrex cost.com/login/?action=register”>Register

This Post Has 3 Comments

    1. The tax rates change as the amount of income earned increases.
      Income Tax Rate
      $0-$12,000 2%
      $12,000-$28,000 3%
      $28,000-$Any 6%

      The income earned is $48,000. That is greater than the 1st and 2nd income brackets so the tax applies to the full range of brackets 1 and 2.
      2% x ($12,000 – $0)
      + 3% x ($28,000 – $12,000)
      —————————
      $240 + $480 = $720

      In the 3rd or highest bracket, only the income from the next lower tax bracket, $28,000, to $48,000 is taxed at 6%. That amount taxed at 6% is $48,000 – $28,000 = $20,000.
      6% x ($48,000 – $28,000) = 6% x $20,000 = $1,2000

      The total tax of all brackets summed together is $720 + $1,200 = $1,920.
      *Note the tax rates apply separately in each income bracket. In other words, the 6% rate cannot be applied to all $48,000. It only applies to the $20,000 income above the next lower tax bracket.

  2. For #40, I don’t understand the wording of the question. Since 6 days ago was Wed, wouldn’t it be Tuesday, so wouldn’t you have to find 701 days from Tuesday?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back To Top