Answer:
To find Jason's yearly pay, given that he paid $3980 in federal taxes and his tax bracket requires him to pay $1100 plus 12% of the amount over $11000, we can set up the following equation:
1. **Define the equation based on the tax formula:**
The tax paid, \( T \), can be expressed as:
\[
T = 1100 + 0.12 \times (Y - 11000)
\]
where \( Y \) is Jason's yearly pay.
2. **Substitute the known value of \( T \) into the equation:**
\[
3980 = 1100 + 0.12 \times (Y - 11000)
\]
3. **Simplify and solve for \( Y \):**
\[
3980 - 1100 = 0.12 \times (Y - 11000)
\]
\[
2880 = 0.12 \times (Y - 11000)
\]
\[
2880 / 0.12 = Y - 11000
\]
\[
24000 = Y - 11000
\]
\[
Y = 24000 + 11000
\]
\[
Y = 35000
\]
Therefore, Jason's yearly pay is **$35,000**.
Step-by-step explanation:
Answer:
$24,000
Step-by-step explanation:
3980-1100 = 2880
2880/12 = 240
240*100 = 24,000
