lilymontgomery3
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A certain state uses the following progressive
tax rate for calculating individual income tax:
Income Progressive
Range ($) Tax Rate
0 - 10,000
3%
10,001 - 50,000 5%
50,001 - 100,000 5.5%
Calculate the state income tax owed on a $40,000
per year salary.
tax = $[?]
Round your answer to the nearest whole dollar amount.
Enter

A certain state uses the following progressive tax rate for calculating individual income tax Income Progressive Range Tax Rate 0 10000 3 10001 50000 5 50001 10 class=

Respuesta :

The state income tax owed on the $40,000 salary should be $1,800.

  • The calculation of the state income tax owed on $40,000 salary should be:

= 3% of $10,000 + 5% of $30,000

= $300 + $1,500

= $1,800

Therefore we can conclude that the state income tax owed on the $40,000 salary should be $1,800.

Learn more about the salary here: brainly.com/question/12127730

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