Michelleann84
Answered

A certain state uses the progressive tax rate below for calculating individual income tax. Calculate the state income tax owed on a \[tex]$60,000 per year salary.

\[
\begin{array}{rr}
\$[/tex]6,000 \cdot 3\% &= \[tex]$180 \\
\$[/tex]9,000 \cdot 4\% &= \[tex]$360 \\
\$[/tex]45,000 \cdot 6\% &= \[tex]$2,700 \\
\hline
\text{Tax} &= \$[/tex]3,240 \\
\end{array}
\]

Finally, calculate the total state income tax.



Answer :

GinnyAnswer
To calculate the state income tax on a \[tex]$60,000 per year salary, let's break it down step by step using the given progressive tax rates. 1. Tax on the first \$[/tex]6,000:
- Tax rate: 3%
- Calculation: \[tex]$6,000 \times 3\% = \$[/tex]6,000 \times 0.03 = \[tex]$180 2. Tax on the next \$[/tex]9,000:
- Tax rate: 4%
- Calculation: \[tex]$9,000 \times 4\% = \$[/tex]9,000 \times 0.04 = \[tex]$360 3. Tax on the remaining \$[/tex]45,000:
- Tax rate: 6%
- Calculation: \[tex]$45,000 \times 6\% = \$[/tex]45,000 \times 0.06 = \[tex]$2,700 4. Total state income tax: - Sum of all taxes calculated: \$[/tex]180 + \[tex]$360 + \$[/tex]2,700 = \[tex]$3,240 So, the total state income tax owed on a \$[/tex]60,000 per year salary is \$3,240.