From the graph given, find the tax levied on the the donations if the tax slab is 10% on the amounts exceeding $200.
A
$100
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B
$120
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C
$130
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D
$140
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Solution
The correct option is B $120 Total donations recieved is $1400
Here from the graph, you can seee that when x=200, then y=0.
That is because till $200 the tax value is nil.
So, when x=200,
Donation amount on which tax will be levied = $1400−$200 = $1200
Now tax is levied at the rate of 10%.
∴ Tax amount = 10%of$1200
= 10100×$1200=$120 .