T(50,000)=8625 If your income is 50,000 per year you will pay 8625 in taxes.
Work Step by Step
T(50,000)= 4750+0.25(50000-34500) T(50,000)= 4750+3875 = 8625 If your income is 50,000 per year you will pay 8625 in taxes.
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