FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A certain state uses the following progressive tax rate for calculating individual income tax: Income Progressive Range ($) Tax Rate 0 - 3000 2% 3001

image text in transcribed
A certain state uses the following progressive tax rate for calculating individual income tax: Income Progressive Range ($) 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 $90,000 a per year salary. tax = $[?] Round your answer to the nearest whole dollar amount. = Enter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting Volume 2

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

11th Edition

0273712136, 9780273712138

More Books

Students also viewed these Accounting questions

Question

★★★★★
Give IUPAC names for the followingcompounds: (b) (a) The three isomers of C5H12 CH CH;CH-CHH CH (d) (c) CH CH (CH)2CHCH2CH3 (CH3)3CH-H2C CH

Answered: 1 week ago

Question

★★★★★
Suppose you teach a course in statistics and you grade on the curve (the normal curve, that is). You have given a final exam to your statistics class of 65 students. The scores, which are...

Answered: 1 week ago

Question

★★★★★
In Example 5.3 if server i serves at an exponential rate i,i = 1, 2, show that P{Smith is not last} = 1 1 + 2 2 + 2 1 + 2 2

Answered: 1 week ago

Question

★★★★★
Herman and Sons Law Offices opened on January 1, 2015. During the first year of business, the company had the following transactions: January 2: The owners invested $ 250,000 (the par value of the...

Answered: 1 week ago

Question

★★★★★
A stock just paid a dividend of $2.90. The dividend is expected to grow at 21.41% for five years and then grow at 4.18% thereafter. The required return on the stock is 12.47%. What is the value of...

Answered: 1 week ago

Question

★★★★★
Green Lake Steel, like any other Canadian firm, has certain duties. Which of the following is NOT a duty of Green Lake Steel

Answered: 1 week ago

Question

★★★★★
Outline TWO ( 2 ) Business Decision Models that Build Resilience in the hospitality industry

Answered: 1 week ago

Question

★★★★★
Analytically determine the linear displacement of the piston in the compressor linkage shown in Figure P4.5 as the 45-mm crank is rotated from its current position 90 counterclockwise. 45 mm 30 100...

Answered: 1 week ago

Question

★★★★★
Analyze Toyota's sustainability initiatives against the circular supply chain model presented in the FITT Textbook Module Inventory Management: Maximizing Efficiency in Global Inventory Management -...

Answered: 1 week ago

Question

★★★★★
Quantify an assessment endpoint for an organization's industrial activities Reference is mandatory

Answered: 1 week ago

Question

★★★★★
16.Rogers technical support is busy 90% of the time. If Mr. Frustrated calls 10 times a. What is the probability that 8 or more times will be busy? b. What is the expected number of times it will be...

Answered: 1 week ago

Question

★★★★★
3.63 Consider two groups of students: B1, students who received high scores on tests, and B2, students who received low scores on tests. In group B1, 20% study more than 25 hours per week, and in...

Answered: 1 week ago

Question

★★★★★
3.62 Consider two groups of students: B1, students who received high scores on tests, and B2, students who received low scores on tests. In group B1, 40% study more than 25 hours per week, and in...

Answered: 1 week ago

Question

★★★★★
3.61 Consider two groups of students: B1, students who received high scores on tests, and B2, students who received low scores on tests. In group B1, 80% study more than 25 hours per week, and in...

Answered: 1 week ago

Previous Question Next Question