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Thomas earns $37,000 per year. he gets a free tax allowance of $8,000 and pays 25% tax on the rest. how much tax will he pay in a year?​

Sagot :

Answer:

$11,250

Step-by-step explanation:

$37,000

Add the free tax allowance

37,000 + 8,000 = 45,000

Now turn 25% to decimal.

25% = 0.25

Multiply the 45,000

45,000 x 0.25 =

$11,250