Husnain S.
asked 03/14/18
Conor had to pay income taxes of 3440 plus 22% of the amount by which his taxable income exceeded 36000 if his tax bill was 3684 calculte his taxable income
Sir/mam please help me with this question
Ally L.
answered 03/15/18
I am a graduate student in Accounting and plan to pursue CPA
If Conor's taxable income is $X, we will know Conor's tax liability is 3440+22%*(X-36000)=$3684. We can figure out that X=$37109.09
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