A čértain state uses the following progressive А cer tax rate for calculating individual income tax: Income Progressive Range ($) Tax Rate 0 - 2000 2% 2001 - 9000 5% 9001 and up 5.4% Calculate the state income tax owed on a $60,000 per year salary.
A čértain state uses the following progressive А cer tax rate for calculating individual income tax: Income Progressive Range ($) Tax Rate 0 - 2000 2% 2001 - 9000 5% 9001 and up 5.4% Calculate the state income tax owed on a $60,000 per year salary.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Income Tax
A certain state uses the following progressive
tax rate for calculating individual income tax:
Income
Progressive
Range ($)
Tax Rate
00 0
2%
0006 - TO
5.4%
dn pue 1006
Calculate the state income tax owed on a $60,000
per year salary.
tax = $[ ? ]
%3D
Round your answer to the nearest whole dollar amount.
Enter
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Transcribed Image Text:O MYVVC
37.acellus.com/StudentFunctions/Interface/acellus_engine.html?ClassID=844161294#
Income Tax
A certain state uses the following progressive
tax rate for calculating individual income tax:
Income
Progressive
Range ($)
Tax Rate
00 0
2%
0006 - TO
5.4%
dn pue 1006
Calculate the state income tax owed on a $60,000
per year salary.
tax = $[ ? ]
%3D
Round your answer to the nearest whole dollar amount.
Enter
Copyright 2003 - 2022 International Academy of Science. All Rights Reserved.
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