Question: for question b, the answer should be Tax for the first $150,000 = $150,000 x 46% = $69000 Let $(150,000+X) be the price of EV

for question b, the answer should be Tax for the first $150,000 = $150,000 x 46% = $69000 Let $(150,000+X) be the price of EV he is willing to pay. 0.86X = 97,500 - 69,000 0.86X = 28,500 X = 33,140 (Round to nearest integer) The price of EV Peter is willing to pay = $150,000 + $33,140 = $183,140 (Round to nearest integer)

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