9514 1404 393
Answer:
$2,617.50
Step-by-step explanation:
Using this table, the tax is ...
tax = 2% × $3000 + 3% × (5000 -3000) + 5% × (17000 -5000) + ...
5.75% × (50,000 -17,000)
= $60 + 60 + 600 + 1897.50
tax = $2,617.50
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Additional comment
Above $17,000, the tax is more easily computed as ...
tax = (5.75% × income) - 257.50
Each tax bracket can have a simplified formula like this.
