Solved: If the first 20000 of your income or any portion thereof is, Business Management

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If the first 20000 of your income or any portion thereof is

If the first $20,000 of your income (or any portion thereof) is taxed at 10%, and the next $30,000 of your income (or any portion thereof) is taxed at 20%, and any income you make above that is taxed at a 30% rate, then a person who earned an income of $500,000 will pay the following amount in taxes:

$100,000
$150,000
The correct answer is different from the options provided.
$143,000
$156,000

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Business Management: If the first 20000 of your income or any portion thereof is

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Business Management: If the first 20000 of your income or any portion thereof is

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