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2001 AMC 12 Question 3

AMC12 · 2001 AMC 12

Question 3

The state income tax where Kristin lives is levied at the rate of $p\%$ of the first $\$28000$ of annual income plus $(p + 2)\%$ of any amount above $\$28000.$ Kristin noticed that the state income tax she paid amounted to $(p + 0.25)\%$ of her annual income. What was her annual income?
  1. $\$28000$
  2. $\$32000$
  3. $\$35000$
  4. $\$42000$
  5. $\$56000$