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A certain state uses the following progressive tax rate for calculating individual income tax:
Income Range ($) Progressive Tax Rate
0-3000 2%
3001-5000 3%
5001-17,000 5%
17,001 and up 5.75%
Calculate the state income tax owed on a $50,000 per year salary.
tax = $[ ]
Round your answer to the nearest whole dollar amount.
*NEED HELP ASAP!*

A certain state uses the following progressive tax rate for calculating individual income tax Income Range Progressive Tax Rate 03000 2 30015000 3 500117000 5 1 class=

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sqdancefan

9514 1404 393

Answer:

  $2618

Step-by-step explanation:

The total tax due will be the sum of the amounts due in each bracket.

  2%×$3000 +3%×(5000 -3000) +5%×(17000 -5000) +5.75%×(50000 -17000)

  = 60 +60 +600 +1897.50 = $2617.50 ≈ $2618

The state income tax on $50,000 is $2618.

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