The income tax in country X is 8% of any income up to $5000. For incomes over $5,000, an 8% tax is imposed on the first $5,000, and a 10% tax is imposed on the portion of the total income in excess of $5000. If Perry paid $950 in income tax last month, then what was Perry's income?  Choose the correct option
A) $10,500 B) $11,000 C) $13,000 D) $13,500 E) $14,000
Given : For incomes over $5,000, an 8% tax is imposed on the first $5,000, and a 10% tax is imposed on the portion of the total income in excess of $5000. If Perry paid $950 in income tax last month, then what was Perry's income?   for first 5000 , 8% tax then we get 400$ as tax.   Now Perry paid 950$ tax... we need to check which option is going to yield 550$ on the remaining amount.   A. $10,500 - 5000 = 5500 , then we get 10% tax , we get 550$... ( $10,500 - 5000 - here already for 5000$ we have calculated the tax and we need to tally for the remaining amount)   550+400= 
<gadget id="calculator">550+400</gadget>
<output>950</output>
950$...hence this is the option.   $10,500NSWER :option $10,500.
<result>A</result>
The income tax in country X is 8% of any income up to $5000. For incomes over $5,000, an 8% tax is imposed on the first $5,000, and a 10% tax is imposed on the portion of the total income in excess of $5000. If Perry paid $950 in income tax last month, then what was Perry's income?