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Calculate the state income tax owed on a $60,000 (round to the nearest whole dollar amount) What

Calculate the state income tax owed on a $60,000 (round to the nearest whole dollar-example-1
User Armadillo
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1 Answer

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Step 1. The table shows the progressive tax rate to calculate the income tax.

In this case, the salary mentioned is:


60,000

and we need to calculate the state income tax.

Step 2. The amount of $60,000 falls under the third section of the table:

That is because 60,000 is between 50,001 and 100,000.

Therefore, the tax percentage will be 5.5%.

Step 3. We will need to find how much is 5.5% out of the 60,000.

To calculate a percentage, we divide the quantity by 100 and then multiply by the percentage we need. In this case:


(60,000)/(100)*5.5

Solving the operations:


600*5.5=\boxed{3,300}

The income tax is $3,300

Answer: $3,300

Calculate the state income tax owed on a $60,000 (round to the nearest whole dollar-example-1
User Dave Roma
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