A certain state uses the following progressive tax rate for calculating individual income tax: Income Range ($)  Progressive Tax Rate 0 - 2000                     2% 2001 - 9000              5% 9001 and up               5.4% Calculate the state income tax owed on a $70,000 per year salary. tax = $[?]

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A certain state uses the following progressive tax rate for calculating individual income tax:

Income Range ($)  Progressive Tax Rate

0 - 2000                     2%

2001 - 9000              5%

9001 and up               5.4%

Calculate the state income tax owed on a $70,000 per year salary.

tax = $[?]

Round your answer to the nearest whole dollar amount.

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