Question

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 $40,000
per year salary.
tax = $[?]
Round your answer to the nearest whole dollar amount.

Answer 1

2,042.50

Based on the progressive tax rates, the state income tax owed on an $80,000 per year salary is $4,342.50. What is the progressive tax system? With the progressive tax system.