Mathematics, 07.09.2021 02:40, delaneynagle3368

In a certain jurisdiction Caroline, who is earning $42,000, currently pays a flat percentage of 25% income tax. The tax authorities suggest a change to a progressive income tax system as follows:Charging 15% on a person's income up to $20,000.Charging 30% on any income above that. How much less will Caroline be paying in income tax under the proposed changes? Round your answer to the nearest dollar.

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In a certain jurisdiction Caroline, who is earning $42,000, currently pays a flat percentage of 25%...