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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 $60,000
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 Range Progressive Tax Rate 03000 2 3001 5000 3 5001 17000 5 class=

Respuesta :

adioabiola

The state income task owed on a salary of $60,000 per year according to the given ranges is; $3,450.

What is the state income tax owed by the $60,000 per year?

It follows from the task content that for incomes of 17, 001 and above, the tax rate is; 5.75% .

Hence, it follows that for an individual whose in one is $60,000 per year, the state income tax owed is;

Tax = 5.75% of $60,000

= $3,450

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