STATE INCOME TAX .............................................................................................?

Question

One plan for a state income tax requires those persons with income of 10,000 or less to pay no tax and those persons with income greater than 10,000 to pay a tax of 6 percent only on the part of their income that exceeds 10,000

A person's effective tax rate is defined as the percent of total income that is paid in tax.

Based on this definition, could aby person's effective tax rate be 5 percent? could it be 6 percent? Explain your answer. Includde examples too

SOMEONE HELP I SUCK WITH STUFF LIKE THIS

Answer 1

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Let x = income that would result in a 5% effective tax rate.

5% of x = 6% of (x - 10000)

0.05x = 0.06(x - 10000)

0.05x = 0.06x - 600

600 = 0.01x

x = 600/0.01 = $60000

Solve for the 6% effective tax rate similarly.