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If the tax rate on the first $30,000 of income is 15 percent; on the next $30,000 is 20 percent; and on all income above $60,000 is 30 percent, then the tax payment on income of $30,000 is $_____.

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abiolataiwo2015

Based on the information given the tax payment on income of $30,000 is $10,500.

Tax payment on income

Using this formula

Tax payment=(First income×Tax rate)+(Next income×Tax rate)

Let plug in the formula

Tax payment=($30,000×15%)+($30,000×20%)

Tax payment=$4,500+$6,000

Tax payment=$10,500

Inconclusion the tax payment on income of $30,000 is $10,500.

Learn more about tax payment here:https://brainly.com/question/25783927

Answer:4500

Explanation: multiply the tax rate of 15% by 30,000

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