Both Jamal and diamond decided to buy a new computer at an store near their homes the computer costs $500 who will end up paying more

Respuesta :

Answer:

The first answer is Jamal

The second answer is Diamond

Explanation:

Correct question:

Who would pay more in state income taxes? Both Jamal and Diamond decide to buy a new computer at a store near their homes. The computer costs $500. Who will end up paying more?

Answer:

For the computer purchase, Jamal and Diamond will not pay state income tax.

State Income Tax:

  • State income taxes are levied directly on income obtained inside a certain state.
  • Each state has a different tax rate.
  • In other words, these taxes only apply to income earned by employees while they are employed in the state region.
  • Jamal and Diamond's tax on their computer purchase is really known as stamp duties rather than state income taxes (State tax).

Therefore, Jamal and Diamond won't be required to pay state income tax for the computer purchase; instead, they will be assessed stamp duty on the total cost.

Know more about State tax here:

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