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3 years ago

8

Your income last year was $27,000 from your main job, $2,200 from a part time job and $600 from interest earned on investments.

If your state income tax is 3% of your gross income, what was your state tax for last year?

1 answer:

kotegsom [21]3 years ago

5 0

Answer:

$894

Step-by-step explanation:

$27,000+$2,200+$600= $29,800

$29,800*0.03=$894

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melomori [17]

Answer:

$= \frac{\frac{75}{100}\times 1000 + \frac{25}{100} \times \frac{60}{100}\times 1000 }{(1+\frac{15}{100})^3 }$

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Step-by-step explanation:

= (probability of entire face value paid*face value+probability of entire face value not paid*percent of face value paid*face value)/(1+discount rate)^years to maturity

probability of entire face value paid = 75%

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probability of entire face value not paid = 25%

percent of face value paid= 60%

discount rate = 15%

years to maturity = 3

$= \frac{\frac{75}{100}\times 1000 + \frac{25}{100} \times \frac{60}{100}\times 1000 }{(1+\frac{15}{100})^3 }$

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3 years ago