Question

Jason Jones earns $55,000.00 and is married. The tax rate is 3%.

Calculate the tax. Federal exemption is $3300.00

Answer 1

hmmm if the Federal exemption is 3300, sounds to me that the taxable amount is just 55000 - 3300, or 51700.

whatever% of anything is just (whatever/100) * anything.

therefore 3% of 51700 is just (3/100) * 51700.

Answer 2

Answer: The required tax is $1551.00.

Step-by-step explanation: We are given that Jason Jones earns $55,000.00 and is married and the tax rate is 3%.

We are to calculate the tax, where the federal exemption is $3300.00.

According to the given information, the taxable amount is given by

`T.A.=55000.00-3300.00=51700.00.`

Since the tax rate is 3%, so the total tax is given by

`Tax=3\%* 51700.00=(3)/(100)*51700.00=1551.00.`

Thus, the required tax is $1551.00.