Question

Harry Parsons' annual salary is $112,600. He pays $4,424 in state taxes annually based on a state tax rate of 4%. What is Harry's marital status, and how many dependents does he claim?

Answer 1

Harry Parson's marital status is as a single taxpayer with no dependents.

Parson's taxable income for state taxes is $110,600 ($112,600 - $2,000).

Data and Calculations:

Annual salary = $112,600

Annual state taxes = $4,424

State tax rate = 4%

Taxable income = $110,600 ($4,424/4%)

Personal allowance = $2,000 ($112,600 - $110,600)

Thus, Harry Parson files as a single (unmarried) taxpayer with no dependent but claims a personal allowance of $2,000.

Learn more about state taxes and allowances at brainly.com/question/24825609