monica7093
monica7093 monica7093
  • 21-05-2021
  • Mathematics
contestada

Calculate the state income tax owned on a 40,000 per year salary

Calculate the state income tax owned on a 40000 per year salary class=

Respuesta :

francocanacari
francocanacari francocanacari
  • 26-05-2021

Answer:

The state income tax to be paid will be $ 2,300.

Step-by-step explanation:

Given that an annual salary of $ 40,000 pays a state income tax of 5.75% of said value, to determine the total amount of tax to be paid, the following calculation must be made:

40,000 x 5.75 / 100 = X

230,000 / 100 = X

2,300 = X

Therefore, the state income tax to be paid will be $ 2,300.

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