Question

I have no idea what the answer is or how to do it,A certain state uses the following progressive tax rate for calculating individual income tax0-3000 2% tax rate3001-5000 3% tax rate5001-17,000 5% tax rate17,001 and up 5.75% tax rateCalculate the state income tax owed on a 60,000 per year salary

Answer 1

From the table given, the progessive income tax for salaries of $17,001 and above is 5.75% of the income.

So, for $60,000, it will also be 5.75% of the income.

This becomes

`\begin{gathered} (5.75)/(100)*60,000 \\ =3450 \end{gathered}`

Therefore, the answer is $3,450