The MTR for income below 150,000 $ is 0%, and the MTR for income between 150,001-300,000...

Transcribed Image Text:

The MTR for income below 150,000 $ is 0%, and the MTR for income between 150,001-300,000 $ is 5%. If Andy has annual income of 175,000 $, the payable tax will be? The MTR for income below 150,000 $ is 0%, and the MTR for income between 150,001-300,000 $ is 5%. If Andy has annual income of 175,000 $, the payable tax will be?

Answer rating: 100% (QA)

Step 11 C 9000 Explanation The correct answer is actually 8750 We get this answer ... View the full answer