Question

garths taxable income last year was $66390. what is his state income tax? ( here is the math you have o do with the problem 3520 plus 10% of taxable income over $64000)

Answer 1

$3759

Explanation:

Given that his income tax consist of a fixed amount and a variable amount which is a percentage of the excess of his income over $64000.

It means that the addition of the fixed amount to the variable amount will give his state tax income.

The fixed element is $3520.

The variable per of the income tax

= 10% * ($66390 - $64000)

= 10% *$2390

= $239

Hence total income tax = $3520 + $239

= $3759

Answer 2

The state income tax = $3759

Explanation:

The total taxable income = $66390

10% taxable amount = $66390 - $64000 = $2390

Total tax = $3520 + 10% of 2390

= $3520 + 0.1*2390

= $3520 + 239

The state income tax = $3759

Hope you will understand the concept.

Thank you. :)