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Mathematics, 23.11.2020 20:50 drivinghydra
Calculate the federal income taxes different groups would pay under the tax laws in place during the Civil War. Use the information below to calculate the amount of tax for each situation. After you have calculated the tax, click on the correct answer from the choices below. To assess your answers, click the Check My Answers button at the bottom of the page. In 1862, the federal income tax was 3 percent on incomes between $600 and $10,000 per year and 5 percent on incomes over $10,000 per year. In 1864, the federal income tax was 5 percent on incomes between $600 and $5,000 per year, 7.5 percent on incomes between $5,000 and $10,000 per year, and 10 percent on incomes over $10,000 per year. Your neighbor made $11,000 in 1864. How much did she pay in income taxes?
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