taylorchilders151 taylorchilders151
  • 26-02-2021
  • Mathematics
contestada

Calculate the state income tax owed on a $90,000
per year salary.
tax = $[?]

Calculate the state income tax owed on a 90000 per year salary tax class=

Respuesta :

km022
km022 km022
  • 26-02-2021

Answer:

$4918

Step-by-step explanation:

first income must be divided according to tax bracket

2% tax on first 3000 income= 2% of $3000=$60

3% tax on income after first 3000 but upto 5000= 5000-3000= $2000

=3% of 2000= $60

5% tax on income after second 5000 but upto 12000= 17000-5000

=12000 5% of $12000= $600

Lastly, 5.75% income over 17000=

90000-17000= $73000 so, 5.75 % of 73000= $4197.5

tax= $60+60+600+4197.5

= $4917.5

= $4918

Answer Link

Otras preguntas

How to translate -10 degrees celsius to an inequality?
How would you describe the lines represented by railroad tracks?
You have a 90 W electrical appliance that is on 24 hours per day. At $0.51 per kWh, how much are you paying daily for electricity to operate this appliance?Show
what is the limit in kilograms
Raja can read 20 pages in an hour. How many pages can he read each minute? Can you explain this to me with an answer?
What is the exact volume of the cone? A. 28[tex] \pi [/tex]cm3 B. 56/3[tex] \pi [/tex]cm3 fraction C. 196/3[tex] \pi [/tex]cm3 fraction D. 196[tex] \pi [/tex
How Many Moons Does Each Planet Have?
How does the rule of zero charge help you predict the formula of an ionic compound?
What determines a materials state of matter? science
what challenges did the british army face