the income tax in country x is 8 % of any income up to $ 5000 . for incomes over $ 5000 , an 8 % tax is imposed on the first $ 5000 , 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 ?  Choices.
A) $ 10500
B) $ 11000
C) $ 13000
D) $ 13500
E) $ 14,000

Rationale: 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 = 950 $ . . . hence this is the option . answer : option a .
Answer: A