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beks73 [17]
3 years ago
11

garths taxable income last year was $66390. what is his state income tax? ( here is the math you have o do with the problem 3520

plus 10% of taxable income over $64000)
Mathematics
2 answers:
fredd [130]3 years ago
6 0

Answer:

The state income tax = $3759

Step-by-step explanation:

The total taxable income = $66390

10% taxable amount = $66390 - $64000 = $2390

Total tax = $3520 + 10% of 2390

= $3520 + 0.1*2390

= $3520 + 239

The state income tax = $3759

Hope you will understand the concept.

Thank you. :)

Zina [86]3 years ago
4 0

Answer:

$3759

Step-by-step explanation:

Given that his income tax consist of a fixed amount and a variable amount which is a percentage of the excess of his income over $64000.

It means that the addition of the fixed amount to the variable amount will give his state tax income.

The fixed element is $3520.

The variable per of the income tax

= 10% * ($66390 - $64000)

= 10% *$2390

= $239

Hence total income tax = $3520 + $239

= $3759

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