Question

You make $52,000 a year. Your state income tax rate is 2.5%. The state income tax allowance is $1500 per person and you have three allowances. They are yourself, your spouse and one child. How much income tax do you owe?​

Answer 1

Step-by-step expiation

we know that their is an income tax rate of 2.5%, Since their is more than one person within the household, we will multiple the tax rate by 3

2.5% = 0.025

0.025 x 3 = 0.075

Then we will multiple the tax rate by our principal,

52,000 x 0.075 = 3,900

52,000 - 3,900 = 48,100

This will then give us our answer of $3,900 for the income tax rate that is owed, and as well as their new total income.

Answer 2

1,187.50

Explanation: