1. **State the problem:** Calculate Kerry's taxable income and the tax payable based on the given income, deductions, and tax rates. 2. **Calculate total gross income:** $$\text{Gross Income} = 43294 + 5243 + 425 = 48962$$ 3. **Calculate total allowable deductions:** $$\text{Deductions} = 230 + 489 + 620 = 1339$$ 4. **Calculate taxable income:** $$\text{Taxable Income} = 48962 - 1339 = 47623$$ 5. **Determine tax bracket:** Since $47623$ lies between $45001$ and $120000$, use the formula: $$\text{Tax} = 5092 + 0.325 \times (47623 - 45000)$$ 6. **Calculate tax payable:** $$\text{Tax} = 5092 + 0.325 \times 2623 = 5092 + 852.475 = 5944.475$$ 7. **Calculate monthly tax:** $$\text{Monthly Tax} = \frac{5944.475}{12} = 495.373$$ **Final answers:** - Taxable income: $47623$ - Annual tax payable: $5944.475$ - Monthly tax payable: approximately $495$