Your income for a year is Tk. 26,000 . You receive a raise so that next years income will be Tk. 29,000. How much more will you pay in taxes next year if th

Your income for a year is Tk. 26,000 . You receive a raise so that next year's income will be Tk. 29,000. How much more will you pay in taxes next year if the tax rate remains the same ?

Your income for a year is Tk. 26,000 . You receive a raise so that next year's income will be Tk. 29,000. How much more will you pay in taxes next year if the tax rate remains the same ? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

Tk. 75

Tk. 80

Tk. 125

Try your self

0 1

Best Answer Explained in Below-:

The difference in taxes is:[1,070 + 0.07(29,000 - 25,000)] - [1,070 + 0.07(26,000 - 25,000)]0.07(4,000) - 0.07(1,000)0.07(3,000) = 210

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Your income for a year is Tk. 26,000 . You receive a raise so that next year's income will be Tk. 29,000. How much more will you pay in taxes next year if the tax rate remains the same ? ?

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