Help for my maths sum please. cant seem to fig it out. thx.?

Mr.Yeo's annual income was $56,000 in 2005. He gave 0.42 of it to his parents, paid his income tax and paid for other expenditure. He saved the rest. (please show working!)



b) Mr.Yeo was taxed $950 for the first $40 000 he earned and 8.75% on the remainder. Calculate the total tax paid by Mr.Yeo.

Help for my maths sum please. cant seem to fig it out. thx.?
56,000 x 0.42= $23,520 (amount he gave to his parents)



$56,000 - $40,000 = $16,000

$950 ---%26gt; $40,000

16,000 x 0.0875 = $1,400 tax

$1,400 + $950 = $2,350 (total tax)



$56,000 - $23,520 - $2,350 - (other expenditure) = $30,130
Reply:a) Since 0.42 is already a percentage (42%)

We simply: $56,000 x 0.42 = $23,520



b) The remainder is $16,000 ($56,000 - $40,000). To calculate 8.75%, simply convert it to a decimal (0.0875) and multiply it by the value. This equates to: $16,000 x 0.0875 = $1400

Total tax = $950 + $1400 = $2350
Reply:$56,000 x 0.42 = $23,520

$950 for $40,000, so the rest is $16,000

then $16,000 x 8.75% = $1,400

$56,000 - $23,520 - ($950 + $1,400) = $30,130

i don't know the 'other expenditure', so i'll ignore it.

i assume he saved $30,130
Reply:If he gave .42 of it from his parents then:



$56000 (.42) = $25320



He gave them $25320.



Then He used the rest for tax expenditures and saved

$56000 - $253520 = $32480



56000 - 40 000 = 16000



950 + 0.875*16000 =



$14950 Mr yeo paid for tax
Reply:56000*0.42=$23520



950+40000*.0875=$4450