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I have no idea what the answer is or how to do it,A certain state uses the following progressive tax rate for calculating individual income tax0-3000 2% tax rate3001-5000 3% tax rate5001-17,000 5% tax rate17,001 and up 5.75% tax rateCalculate the state income tax owed on a 60,000 per year salary

I have no idea what the answer is or how to do itA certain state uses the following progressive tax rate for calculating individual income tax03000 2 tax rate30 class=

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SOLUTION

From the table given, the progessive income tax for salaries of $17,001 and above is 5.75% of the income.

So, for $60,000, it will also be 5.75% of the income.

This becomes

[tex]\begin{gathered} \frac{5.75}{100}\times60,000 \\ =3450 \end{gathered}[/tex]

Therefore, the answer is $3,450

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