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

What is the oxidation state for the common action of lithium?
do juvenile killers deserve life behind barswhat is the authors main purpose in writing this article? Cite evidence from the text in your response​
Katie is thinking of starting a baby-sitting service and wants to figure out what percent of the population have young children. She goes to a community meeting
Which is a physical benefit of practicing abstinence
To "recuperate" means to...
A sphere and a cylinder have the same radius and height. The volume of the cylinder is 30 meters cubed A sphere with height h and radius r. A cylinder with heig
I got 100% 88% and 100% on three test what is my adverage.
Solve the equation
What did the supreme court decide should happen to people who burn the flag
When and where were the French defeated?