Mathematics, 18.10.2020 09:01 bglosson4333

Guy is self employed. In one year, Guy generates a gross income of $44, 500. When calculating his taxes, Guy is allowed to deduct $2,500 in expenses from his gross income the result is his operating income'), Guy must then pay 10% tax on all
operating income up to $20,000 and then 20% on any operating income over $20,000. Calculate the amount of tax that
Guy must pay. Give your answer in dollars to the nearest dollar. Do not include commas or the dollar symbol in your
answer.

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Guy is self employed. In one year, Guy generates a gross income of $44, 500. When calculating his ta...