Mathematics: Veronica is self employed. in one year, veronica generates a gross income of $65,500. when calculating her taxes, veronica is allowed to deduct up to $2,500 in expenses from her gross income (to give the operating income ), but if her expenses exceed $2,500 then any surplus must be deducted against her income after tax. in this calendar year, veronica s total expenses were $5,500. the tax system is such that she must pay 15% tax on any operating income up to $25,000 and then 30% on any operating

Veronica is self employed. in one year, veronica generates

slonekaitlyn01

07.01.2022

$44,850

Step-by-step explanation:

Gross income is $65,500

Allowable deductions are $2,500

Operating income is $65,500-$2,500=$63,000

From the given tax structure, Veronia will pay 15% for the first $25,000 then 30% for $63,000-$25,000=$38,000

Tax will be (0.15*$25,000)+(0.3*$38,000)=$15,150

Remaining expenses will be $5,500-$2,500=$3,000

Income after tax will be $63,000-$15,150=$47,850

Net income=$47,850-$3,000=$44,850

Ans=$44,850

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lupitasalas9283

25.04.2022

Step-by-step explanation:

cosx = siny only if x = y = 45°

Otherwise

cosx° = sin(90 - x)°

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